Couldn't have asked for a better team to lead HCG out of this nightmare. They have the right people in place to right the ship financially and negotiate a deal, but it'll still be an uphill task to regain confidence. Gut instinct says they'll make it. They'll focus on originating mortgages instead of renewals, they have some breathing room with locked-in GICs that I suspect will mostly auto-renew, and mortgage payments that people have a high incentive to pay, considering these housing prices. 

At the end of the day, this is an important Canadian institution that keeps the big banks in check and a test of our world-class financial regulations. Unless you're an American short seller, there's not really a good reason you should want this company to fail completely.