Mr. Speaker, with regard to the equalization issue, we have to get the views of those who have been involved. One of my colleagues whom I consider to be quite knowledgeable summarized it by saying that the equalization issue is a mess. The member is quite right.
A government member confided in me that Conservative members begged the Prime Minister not to make the changes that were brought forward that affect Quebec and the Atlantic provinces.
When we get down to it, the national securities regulator issue seems to be more politically motivated and in terms of the regulatory scheme does not represent, I would think in today's current economic crisis, a significant priority for us.
I wonder if the member would care to comment on how we should proceed with thoughtful consultation with all stakeholders on the best approach, whether it be national, passport, or some sort of a hybrid.