Again, I have to point out that with Indalex in Ontario, pensions were essentially a deemed trust for almost two years, at least in the most recent legal case. Deemed trust comes first, and that would supersede every other priority in insolvency. That simply is not reasonable. That would throw everything out of whack. Superpriority already exists, as you've probably heard, with the wage program, employment expenses and things like that. It's already out there. It's already being used. It doesn't put pensioners at the very top, where deemed trust would be. It puts them in the next level down, essentially.
As to what that would do, again, if you give the companies enough time to respond, that's a very reasonable place for that priority to sit. It wouldn't cause the same concern as deemed trust. Deemed trust is clearly the nuclear option. That puts pensions ahead of every other expense. DIP lenders would never lend if it was deemed trust.