Mr. Speaker, it is almost entertaining to hear the parliamentary secretary say, “Please work with us”.
I would like to make a point of clarification. My colleague from Markham—Unionville was with the banks at the time he made those statements. The Liberals stood and voted against deregulation. The Reform Party, which constitutes a great deal of the current government, voted 100% in favour of deregulation, so we might have found ourselves in the same mess the United States is in had those members been in government at the time. That is the reality.
What has the finance minister done? The only thing he has done is he has approved 40-year mortgages with 0% down, just like the subprime mortgage problem that triggered the downfall in the United States and helped the world economy tumble. He has come back and since corrected that, putting it to 35 years, but--