Well, I guess I would say to the provincial securities commissions that they've lost their right to govern and regulate. The cracks in asset-backed commercial paper were so clear to Standard & Poor's that there is absolutely no basis on which they can justify what took place. Consequently, it's in the interest of national economic prosperity for the federal government to proceed, as necessary, according to the demands of Canadian people, to use its constitutional powers to enter into securities regulation jointly, including in collaboration with Quebec.
Quebec is doing an excellent job and is seen to be one of the leaders in the country, and still it's deficient. Recently a fraudster was put in jail for 12 years, I believe, in the Norbourg case. It was the Quebec authority who was the first in history to get someone in jail that long for fraud. So I think we can work with the Province of Quebec.
We shouldn't let this be a stumbling block for us to move forward. We must do so. I think the federal government is going to have to show leadership, and do so in collaboration with the Province of Ontario. I think they're ready to move.
It would be my opinion, in light of the lack of confidence in Canada by international investors—because we've become a laughingstock—that any province who chooses not to join this initiative is a province that's going to get a lot less money to develop their economies. I believe the majority of the provinces would fold very quickly.