Mr. Speaker, instead of blaming the securities commissions in Quebec and the provinces, the Minister of Finance would be better off to clean up his own backyard. He is the one responsible for banks, yet he is doing nothing about the situation at this time.
How can the Minister of Finance explain that neither he nor the Office of the Superintendent of Financial Institutions have taken any action with the banks to prevent the commercial paper crisis and therefore protect investors? Why did he decide to leave them to fend for themselves?