Thank you, Mr. Chair, and I thank the guests for coming here today. It's a good time to be talking about the situation we're in right now.
You people alluded to the flow of money around the world and how it flows between countries and institutions more so than ever before. Recently there was an article in The Economist about following the money, about where all this money is coming from. They said that in one minute the money that a peasant farmer is saving in China could be loaned to somebody borrowing to get a Starbucks coffee. It might be that for the first time in the world poor people are lending to rich people. But anyway, when you follow the money and when they talk about over half a trillion dollars being lost in the United States, somebody is losing the money. Whoever had to lend them a dollar loses a dollar. The saver or somebody who lends a dollar is going to lose a dollar.
When you go back to thinking how Canada is going to shake out in this whole scenario when the merry-go-round stops, would you have any projections or rough estimates of how much Canadians--people who save or Canadian taxpayers--might end up footing for this bill by the time it's done?