The mandate of the OSC is to protect depositors, borrowers, and the Canadian financial system, not the shareholders. Don't get me wrong, I am a strong believer in the stock market and a stock investor myself, but it would be grossly inappropriate for the OSC to act in the shareholders' interest. There was evidence, in the view of the OSC, of misrepresentation of risk on behalf of the very top management at Home Trust, and that information needs to be made public. Canadians demand near-absolute confidence in Canada's smaller lenders, and absolute confidence in the big 5. At that level, there are some mistakes that simply cannot be made. And if imposing such discipline means the shareholders bear the brunt of the discipline, that's their problem. Better that that information gets out now rather than ignore it until it gets really bad. If you don't like being a Home Trust shareholder, be glad you weren't a Bear Sterns shareholder.