Mr. David Duffy:

We can look at it two ways. This is a taxpayer-funded bank and these are taxpayers' funds. I can eliminate all of the taxpayers' funds by trying to adopt a process whereby I write down everything to today's value. Then, there are no taxpayers' funds. This is a transfer of wealth from one group of taxpayers to another. I am not sure I can do that. If we want a sustainable bank that is more than half the credit for this country, I cannot wipe out the entire capital base by trying to solve that problem. It is regrettable.