Thank you, Mr. Chairman.
Thank you, witnesses.
It's always interesting to look at this aspect, but it's a troubling area, because I think we're all looking in retrospect at what happened, and we're looking for solutions to make sure this doesn't repeat itself. Some of the things I've heard this morning don't necessarily comfort me. I'm not sure we can reconcile the different points of view between Mr. Benson and perhaps Mr. Valentini, but I'm going to try.
John, it's a pleasure to have you here. I see here in your written submission you say, “In an ideal world, the net contributions that we receive could be invested in Canadian government inflation-linked bonds.” What's wrong with that? Why do you have to diversify? Why don't you just invest in bonds,as Mr. Benson was saying? Do you need to take the risks, and do we have to legislate that and say, “No, you have to stick to bonds”? What is it?