I don't want to comment on what has been said at CMHC, but I know that from the perspective of small business, which is our bailiwick, demand basically stopped, as we all know, for many weeks, and it's only now coming back. Companies were having no revenues coming in and they had bills to pay. They had rent to pay, they had people to pay, they had utilities to pay and they had accounts receivable to pay.
Frankly, the first requirement was to make sure that we got liquidity moving so that they had some money coming in, albeit in the form of loans, that they could use to pay their obligations and keep their business going. I don't think there was any choice. Look around the world. There was no choice involved, other than to get credit moving so that companies had some cash coming in that they could use to keep their businesses going.
I don't think anybody should be second-guessing that, because that was and in fact remains the right thing to do given the lack of demand and traditional [Technical difficulty—Editor]