Madam Speaker, the member is quite right. This is another area where there is not consensus by all of the provinces. There is quite a divide in terms of the provincial view on this and I know that Quebec has a unique situation in which its securities regulation function actually includes more aspects of the financial administration or markets other than the banking system, which is federal, as he knows.
He has simply raised another example of matters that should not have been put in the budget. It was not necessary to put it in the budget. It should have been discussed and studied in committee. It should have had the kind of vetting that is necessary to make a wise decision, which is what we say in our prayer every time.
I agree with the member. I think the government shows yet again that it is not prepared to address the financial crisis. It wants to switch the channel to other issues which do not help to create jobs.