Comment: bankish, You have got a lot of 'Likes', but I see things a little differently.
The issue is nothing to do with the government, it is totally to do with HCG themselves. They knew the reasons for their decline in originations (i.e. cutting off a number of brokers) but they initially blamed it on the weather etc., i.e. they blatantly, out-rightly, lied. It was only after an internal whistle blower went to the board that they eventually fessed up to what had actually happened.
 You clearly own shares in HCG (thought you only owned big banks?) so I feel for you, but the company itself is to blame, not the OSC or the 'frigging government'.
I do believe that it can recover but it needs to nuke the lairs in its midst - and the OSC and frigging government need to ensure that they are not allowed to be officers/directors of public companies in the future.