I sound like a broken record, but we really need to have the peer-reviewed facts guide us on what the actual impact will be. By this measure, if we believe that any strengthening on the back end with bankruptcy law or on the front end with pension regulation would constrict capital markets, your government's recent decision--one we were in favour of--to forbid employers from dumping pension liabilities and remain viable, going concerns would have constricted capital accumulation, but it didn't. We've been through the seeds of a very feeble but ongoing economic recovery.
We have to deal with the real world, not the political positioning world. What I see in the real world are employers, the vast majority of whom want to fund their pension plans.