Absolutely. Loan guarantees have been on the agenda.
If you pay close attention--the committee should listen to this--to what Mr. Paterson said, he has to get money not at commercial rates but at exaggerated rates, and it puts at risk that corporation, White Birch, and many others that are trying to exit CCAA because they can't get loan guarantees at commercial rates. It is absolutely imperative that the federal government at very little risk--very little risk, considering the uptake it would get--guarantee the loans of these corporations that do have realistic business plans. Loan guarantees are essential.
We also have to find a way to compete with the subsidy of the United States. The American government subsidized the industry with $2 billion cash. The Canadian government came with a program that was half the value and put our paper companies at a great disadvantage.