Yes. You were mentioning that it's very difficult to obtain credit in a recession. Consumers are reluctant to spend, and we've seen that. Bankers are reluctant to lend, as they should be. The risks are higher. You wouldn't want your bankers to go out recklessly spending. Ms. Dickson keeps a tight rein on them to make sure they don't do that, so you do have this considerable difficulty, and that's where the government must come in with a major fiscal stimulus, and the central bank as well must come in with its monetary stimulus, to bring it out of the recession, to get the consumer happy again. The banks see that there is less risk. We're actually going to come out of this recession sometime and we'll see the consumer able to repay and businesses able to repay their loans.
On March 10th, 2009. See this statement in context.