Dr. Michael Somers:

I have urged that money be lent to small and medium-sized enterprises, SMEs. I am not particularly proud of the amount of new money the bank has lent. I would prefer if it were more. When I ask the bank about this, it says many people do not want more money as they are already trying to deleverage, and for the others, one would not lend them the money anyway. I am not a credit expert so I have to take the bank's word on this. I am told, however, that money is readily available for good projects.

We have spent hours going through the remediation attempts to deal with the mortgage crisis. We have come up with a good solution. We are not repossessing people's homes. We are not out to get people but to do our best for this economy, which I have done all my life.