Mr. Speaker, I thank my hon. colleague for his comments this morning and indeed deciding to become a Luddite since he has decided to support this motion. Perhaps there is a pair of Birkenstocks somewhere for him if we can find it.
When we talk about people in those terms, sometimes we should take great pride in that because when the other parties were musing about banking deregulation, which they seem to have forgotten in the midst of all this uncertainty, when the banks were talking about it, there were some parties in the House, certainly not New Democrats, who were really musing about letting that happen because that is where international commerce was headed and maybe we should look at deregulating the banks and letting them merge and letting American banks come into this country. New Democrats led the way and said that is not a good idea and we should not deregulate the banks. History has proven us to be correct.
Now, of course, the Liberals and Conservatives want to share in that joy. If we were to allow that to happen, we would be in a much greater disaster than we are today when it comes to the financial situation. Credit card fees would probably be that much higher and defaults even greater. If the member could comment on that, I would appreciate it.