Madam Speaker, my impression from the discussions I have had with our finance critic is that what the member says is only partly true. What he is not saying is that this really is setting up a process, not just for the rationalization of banks, but so the government can rationalize the rationalization of the banks in a way that it was not able to do under the previous legislation.
This is setting us up so that the next time this issue comes up, the Liberals can say that they followed the process in place and that due process was served. When only two banks are left, the Liberals can also say that they followed due process and what else could they do.