Mr. Speaker, I think most of us were completely appalled at how things went off the rails in terms of seeing Bernie Madoff's Ponzi scheme and seeing the subprime mortgage devastation that took place south of the border which affected us in a big way. We were somewhat protected given the laws of our country that the Liberal Party of the day put forward in terms of not pursuing a more open course of action that would have left investors and our citizens open to a wide range of problems that, tragically, our friends south of the border were victims of.
Does my colleague feel that this is one step toward being able to inoculate our citizens against such things as the Ponzi scheme? Also, what is his government's plan to perhaps work through the IMF to work through more common regulatory initiatives that are required in order to reduce the types of things we have seen over the last year that have been so devastating for all of our economies?