I will. I'll quote my dear friend Debra McFadden, from LaSalle, Ontario, who says that a man cannot serve two masters, and what we have are regulators that are trying to serve two masters. They're trying to say they are protecting and fostering fair and efficient public markets and they are protecting citizens as well, and most of our regulators are only paid by those public markets. They're trying to serve dual masters and they have a dual mandate that they can't serve.
She would say, and I say—I shouldn't speak for her—establish federal investment protection bodies, which skips over the constitutional debate of whether it's in his backyard or mine, or federal or provincial, or who's in charge, because that's a Trojan Horse that leaves investors cheated for another 10 years. Establish an investor protection body that has nothing to do with financial regulation and has nothing to do with constitutional issues. It says, here's consumer protection on financial matters. Leave the regulation and the regulation argument to the guys arguing over whose territory it's in. Just protect people without letting the industry in the door saying, “We'll cover both of them. Don't worry. We have both sides of this fence covered.”
That's not working, sir.