Thank you very much, Mr. Chair.
Thank you to all for the exceptional testimony you've given already this morning.
Mr. Inglis, in your opening remarks you said, as part of your conclusion, that now is not the time to take the foot off the gas pedal. With the cuts to the CDI, it would seem that not only have we taken the foot off the gas pedal, but we've actually slammed on the brakes. This is the case of a successful program that's been bearing fruit. We believe that it should continue to be allowed to bear fruit and to grow new cooperatives.
You've mentioned several of the challenges new co-ops face. Dr. Webb, you also mentioned those.
You mentioned also a misunderstanding about the funding of co-ops. Is this something that exists primarily in the financial sector? Is there even a misunderstanding among the credit unions from time to time? Could you elaborate on that a little bit?