We haven't studied the proposal in any detail. We keep our hands full with what the government is doing with spending and taxing and the upcoming budget.
Generally speaking, we believe there are serious problems with the world financial system. We believe that many of the world's financial institutions are over-leveraged and under-regulated and that Canada has steered clear of most of these things.
The whole business of Canada Mortgage and Housing Corporation's being encouraged in the early stages of the minority Parliament to get young couples into debt with up to 35- or 40-year amortizations was troublesome.
Adding a transactional tax isn't going to help the world economy, and you don't solve the debt crisis by adding more debt. So we're strongly in favour of de-leveraging, but we don't believe a transactional tax as a general concept is helpful.