Thank you, Mr. Chair.
Thanks to our guests for being here. It has been a very interesting conversation so far.
It seems the private lenders have a way of limiting their liability by selecting particular mortgages they want to protect. Another comment was made that they all should be the same. Prior to 2006 they all were under CMHC.
Two of the presenters talked about 100% backing for private mortgage firms, but I didn't hear anything about moral hazard in that part of the discussion.
A more specific question is if the private sector pays more for capital, why would we want to make the public sector pay more, and how would that benefit consumers in Canada?
I will just throw that out there.