It was actually 175 Billion PLUS 250 billion more at CMHC. Those CMHC mortgages, the vast majority of which went to transient oil field workers in Alberta, has created a disaster in the CMHC portfolio, which now contains over 55% subprime and alt-a issues. According to a study done by the Chicago Fed, after the great collapse, you can expect 85% of the subprime/alt-a mortgages to default, so in essence, Harper left us a time bomb, set to go off when the next financial crisis hits - any day now. And you can bet your bottom dollar, that each and every conservative in the commons will be on their feet desperately trying to tie the disaster to the Liberals. Conscience and decency, they don't have.