Madam Speaker, my colleague is absolutely right. I think that the problem, where things went wrong over the years, is that people managing pension and investment funds to ensure the financial security of retirees should have been more concerned about those retirees than about profit for profit's sake, with all of the risks that entails.
Someone told me a story. I do not know if it is true, but I will share it with you anyway. A man went to see his banker. He was not rich and wanted to take a loan for something basic and very useful. The banker refused to give him the loan. The man would not give up, so eventually, the banker made a proposal. The banker said that before deciding whether to grant the loan, he would ask the man a question. The banker had a glass eye, and he told the man that if he could tell which of the two eyes was the glass one, he would get the loan. The man immediately answered that it was the left eye. The banker asked the man how he had guessed that it was the left eye. The man said that he had noticed a little more kindness in the left eye than in the right one.
When people are responsible for managing funds that are supposed to guarantee the financial security of others, they must do so responsibly. The system falls apart when managers who do a terrible job are rewarded with excessive bonuses, while companies pressure workers to give up their pension funds.