Finance committee  On the TALF program and on the inventory—and I applaud the efforts that are being made to address the actual retail piece, because that's what we have in place right now—I think the looming potential problem is the one on flooring, which is good to hear everybody.... It's not jus

Finance committee  I don't think there's anything the government should be doing. I think it's a matter of a recognition that over the past number of years, when dealers--and this is across all industries, not just auto--placed a consumer finance contract and the lender took it, they absolved thems

Finance committee  Yes, assuming we get to where we have the liquidity and there's a recognition that this is a different risk model and there's an income potential for taking the risk. Where there's risk there should be reward. So yes, I think the market's going to go. Those people who are qualifi

Finance committee  I don't think I'm willing to go that far.

Finance committee  From a regulatory standpoint, I don't think so. I think that's one you let the market deal with. If as a dealer I have a cost of funds of 5%--and I'm just making these sums up--and if I'm willing to take the risk or if I want to transfer it over and my cost of funds is 6%, I have

Finance committee  The key thing here with our debt, as Brian said, is that there is an exit strategy, because you're not technically loaning us the money. We've already loaned it to consumers who are coming to you with a consumer contract saying that's what you're purchasing.

Finance committee  No, because our model, as far as Tricor, is to have the originator having skin in the game, and our partners all understand it. So it's an economic model.

Finance committee  No. That would be a different business model from the one we have.

Finance committee  Not yet, no.

Finance committee  Well, it's in order to provide funding for our dealers to be able to lease the cars. The dealership is still going to be involved in the leasing.

Finance committee  It would be more direct competition than the actual retail marketplace. We looked at the numbers yesterday. In real simple numbers, if we look at the retail automotive sector, the finance rates to the consumer are virtually unchanged in the last 15 months. If you go in to buy a c

Finance committee  Let me start with the first part. The strategy for the bank, we recognize and realize, is a long-term strategy. That's going to take months to do. A parallel route is to access the current credit facility in the interim on two separate tracks independent of each other. We're hopi

Finance committee  Yes. I'm assuming it would be yes. With the spread we're having at Sun Life and the numbers we've heard from, indicative of what appears to be the money that is going to be coming out of the credit facility, yes, it would be much less expensive--

Finance committee  That's an option as well, except if you do that, you're going to put an additional cost in that'll have to be passed on.

Finance committee  But yes, that's one of the options we have tabled.