Mr. Speaker, I listened carefully to the hon. member's comments. I want to ask him about an issue to which I alluded during my speech. What happens to those who make bad investments? What happens when interest rates get too low? What happens when banks go bankrupt? It may sound a bit ridiculous that a bank could go bankrupt, but it has happened in western Canada. It almost happened with the old Barings bank, in England, which experienced serious problems following some unfortunate investments by one of its managers. What happens if the tax-exempt money put in safe banking institutions does not grow? What happens if, after 10, 15 or 20 years, the personal security plan is ruined by some crisis?
In the House of Commons on March 17th, 1995. See this statement in context.