Mr. McKay, I think there is a lot of competition, so I would disagree with you on that particular point. The point is, banks have to stick by their customers in a time like this and we all have to get through this difficult period together, however long that's going to be, because banks are only going to be as good as their customers. The fact remains, though, that when it comes to issues like the cost of credit in the marketplace, as I pointed out in my opening remarks, there are two factors at play. One is a shortage of certain kinds of funding mechanisms on the world stage, so banks do have a higher cost of credit, and secondly, the risk factors are definitely going up.
On March 12th, 2009. See this statement in context.