Finance committee  Yes, if I can. When you look at the ABCP market--and you commented about Ed Clark specifically; he was talking about the non-bank side and the derivatives and those kinds of things. His bank was an active participant in the ABCP market, supporting and selling automotive paper. That market also was captured in the collapse, so while he didn't understand that piece, and frankly nobody did, his bank and others clearly understand the value of the automotive sector and the paper it generates for retail customers.

Finance committee  Yes, I think there is a vicious cycle. I'll separate the two pieces of money we're talking about. Consumers are avoiding purchases of any kind right now, not just specific manufacturers. The entire market in the month of February was down 27%. A lot of that is driven by availability of credit, and that is a liquidity issue, and that drives costs, so costs are higher, liquidity is lower.

Finance committee  I would say to you quickly that the paper has a maturity and customers are making payments. That's how the government gets its money back. The bet is not on the car companies, nor on the individual captive; the bet is on the Canadian consumers and their ability to repay the loans we make to them.

Finance committee  I think the prime motivation for any captive finance company is to aid the manufacturer in delivering its product. So all the programs we deliver for the manufacturer are around that. It really goes right to the reason for the CSCF that was introduced in the budget. It's a liquidity issue, and our funding has dried up completely across the markets.