Mr. Speaker, this debate could very quickly leave Bill C-15 and get on to areas of national unity. I will refrain from doing that and I will get back to the topic at hand, recommendations in terms of changes to financial institutions.
More specifically, I am interested in the CDIC aspect of the bill and where the bill proposes rate premiums for the CDIC. The premiums will be according to risk. We, the public, will not be able to know what the risk rating is at the various institutions. It is covered by a veil of secrecy. I want to know if this member believes that is a just action.
Also, if it is the objective of the government to make financial institutions more transparent and hold them more accountable, how does he feel about the speech I gave earlier this afternoon on co-insurance? Perhaps there is a need to look at co-insurance. Rather than having 100 per cent deposit insurance, perhaps there should be a 90 per cent guaranteed share along with a 10 per cent share by the investor.
There is a perverse sense of fairness in the current system where lower risk or more successful institutions that do not go into receivership, that do not go broke, that do not cost the taxpayers money actually have to help pay for the ones that do and ultimately taxpayers end up paying.