Mr. Speaker, I have some questions for my colleague with regard to the whole concept of capital markets fraud. I think we have a prime example of that in the new Liberal leader and I will enunciate why.
The new Liberal leader has been committing a form of tax evasion for years. Talk about capital markets fraud. Somebody who owns Canada Steamship Lines, plus a total of about 132 other related companies, has been hiding his money and his profits offshore. The hypocrisy of it is that while he served as the finance minister in this place he bragged about how Canadian taxes were so good, but he was hiding his money offshore and not paying Canadian tax. Why? He obviously thought Canadian taxes were awfully high. I would say that is a good example of capital markets fraud, which Bill C-46 is all about. The former finance minister would know capital markets fraud all too well.
What does my colleague think about Paul Martin Sr. having acquired Canada Steamship Lines for pennies on the dollar? This was a crown asset that was sold to Paul Martin for next to nothing. Talk about capital markets fraud and taking money--