I don't know that one can take that comment out of context. I think one would have to read the whole speech. In Canada, non recourse mortgages don't exist except in Alberta as pointed out to my understanding as well. There were a lot of differences and widespread fraud in the effort to get mortgages securitized to sell to an unsuspecting public for the betterment of Wall street. James is correct in my view that there are differences. That is not to say that things can't melt down here but the likelihood of it being on the scale of the US meltdown is far less. Again, just my view.