Mr. Speaker, I will try to be brief and lucid. He used the example of an insurance broker. If the broker has 2 per cent or 3 per cent of his debts go bad which he has to account for, that is fine and he builds it into his margin. However, the point I am trying to make is why should he have to build into his margin an amount of money which is channelled through the government to reimburse his competitor across the street who may be reckless and have a 10 per cent bad debt situation? That makes no sense.
In the House of Commons on October 24th, 1995. See this statement in context.