I am confused...
If you have a negative flow of deposits...how can you write more (new) mortgages ??
What are they doing to get more/new $$ into the business ??
Besides borrowing it at 20% from HOOPP I mean ?
How much debt did they accumulate to write those $18B in mortgages ??
What is that debt costing them ??
As for "Auto renew" GIC's...?
maybe...hard to envision 
Lots of notes like  "get out of that #&%$#  GIC !!" scrawled on fridge  calendars, I would think...
Sounds like these new board members mostly have large Rolodex's full of potential buyers....
imo