Finance committee  Yes, absolutely.

Finance committee  Well, in this case.... But I'm referring to Nortel because they had a self-insured situation. If disability insurance is offered by a true third-party underwriter, the insurance companies are supporting it; it's not even on the table for discussion.

Finance committee  I want to clarify something. Number one is the fact that the group I was with at Nortel actually had a true third-party insurance plan and I actually am covered by it. None of the other employees are. When we made the transfer to the other group at Nortel, all the documentation

Finance committee  That is correct in my case. So out of 410 people who are basically going to slide into the pit, I am the only person covered by a bona fide program. But of course when I went to enrol with the new documentation there was no indication that it had ceased to be a truly underwritt

Finance committee  So it was almost a bait and switch.

Finance committee  What I am promoting is that these firms should be forced to buy insurance from a third-party underwriter, and there are half a dozen in the business that offer that service. Companies should not be offering self-insured plans. This concept of being too big to fail is garbage, and

Finance committee  It actually should be ahead of the secured parties. The premise is thrown on the table that this is going to cost extra in the world of capital. I disagree with that. It will be taken into account when the lending covenants are put into place. Companies have their lending coven

Finance committee  Well, I sent a letter to Mr. Flaherty decrying the whole bailout of General Motors and Chrysler, saying they are market failures, let them go with the wind. Mr. Flaherty wrote back stating there was such a major infrastructure of businesses depending on the automotive sector that

Finance committee  I have sent a couple of letters. I essentially received what I would call “template” responses, which more or less defers the issue to the provincial authorities.

Finance committee  To Mr. Flaherty and Mr. Clement.

Finance committee  My name is Lee Lockwood and I reside in Langley, B.C. I've been a Nortel LTD wage replacement recipient for 14 years. Industry Minister Clement stated in the House on Monday that governments should not be superseding a settlement agreement reached between parties in the private