Thanks very much.
Ms. Schinke, welcome.
One of the things we're hearing from certain proponents of Canada Post postal banking is that they could set up in remote rural areas not served by banks, or they could set up beside a payday loan, offer a lot less expensive loans, take on higher risk loans, serve a different demographic, and still make enough money to offset this $1 billion potential loss down the road.
In your mind, knowing the payday loan system, is it doable that they could make up this ton of money while undercutting payday loan services and taking all this additional risk? Is it feasible?