Thank you, witness.
It seems to me that the 800-pound gorilla in the room is the Caisse de dépôt. Recently it announced losses of something in the order of about 25% of its portfolio, about $40 billion, an enormous amount of money—$12 billion to $14 billion of which was asset-backed commercial paper. Much of the loss was due to a fairly aggressive lending strategy, which has certainly backfired in this particular economy.
The losses are so massive and the pension plan so at risk that certainly the people of Quebec are at risk. But presumably, with the expanded list of assets that you will purchase from pension plans and others—the counterparties, as they're called—you will be asked to purchase some assets from Caisse de dépôt to stabilize its situation. Can you advise us whether any conversations have been held to that effect, and whether that analysis, namely, that this is a massive loss, will require intervention on the part of the Bank of Canada?