Frankly, I don't think you're to blame for that. This is the way it's been for a long time. I just think we have a very strange system in this country that dates back a long time, through many parties, where we give these banks the ability to profit off of mortgages while they can pass on the risk to taxpayers.
I'll shift to you, Mr. Routledge. You have something called the “liquidity coverage ratio”, which is that banks must have enough cash or cash equivalents to cover 30 days of expenses. If they have a mortgage that is owed to them, that's not considered cash or a cash equivalent asset. However, if they get CMHC to insure it and securitize it, it becomes cash or cash equivalent asset. Isn't that true?