Mr. Ed Sibley:

Without trying to guess the motivations, what we have required all of the banks to have is strategies for how they are going to continue to address non-performing loans, including mortgage arrears. I touched on this a little earlier. There are a couple of instances where we were dissatisfied with the strategy that was being pursued or articulated, in that it was overly focused on sales and did not include continuing to try to work these things out within the banks. An enormous amount of work has been done within the banking system by the banks, by borrowers, by us and by other entities, including this committee to try to ensure, as much as possible, that the mortgage arrears crisis is being addressed through keeping people in their homes. There is a lot of work that has been done.