I hear what my friend says. We are just changing Canadian legislation to allow greater access for large foreign banks to come into the country. That is a pretty major change in how banking is conducted here.
The secretary of state for financial services said that he had faith in the trickle down approach. He said if we waited long enough eventually the good things would trickle down on us. If average Canadians were asked if they wanted to be trickled on, they would say no. Being trickled on is not something they find attractive. They probably feel they have been trickled on for a long time.