My friend says that we know what the cart is full of. Yes, we probably do know what it is full of. That is why I say I feel like a rubber stamp today. I know that by and large the debate is absolutely meaningless in terms of having any influence on the future outcome of the legislation. It is incredibly frustrating.
There is another aspect to the legislation. I listened carefully to the explanation of the secretary of state on how this would be helpful to the average citizen. I made some notes as well. I probably used my own wording. I do not think he said it was some version of the trickle down approach, but that was my interpretation of what he was talking about.
If we could provide large foreign banks with an opportunity to come into Canada and compete with our banks at the upper end level of huge corporate business, he said that the benefits would eventually trickle down to the normal folks of the country. In other words, give a break to the large international banking community, the large international banks, be patient and eventually the benefits will trickle down to the average citizen.