Jim Maloway at the Finance Committee

On March 12th, 2009. See this statement in context.

March 12th, 2009 / 9:45 a.m.

NDP

Jim Maloway NDP Elmwood—Transcona, MB

Thank you, Mr. Chairman.

I'd like to get a handle on how big a banking failure CDIC could potentially handle. You have $512 billion in insured deposits, but you only have $6 billion in your fund, and the recommendation is that it go to $15 billion. Do you think that is a high enough reserve to have in the fund?

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