Mr. Speaker, the member knows that in the United States the Americans put away more than 100 embezzlers from WorldCom and Enron and Conrad Black. On the other side, the Canadian experience is that we have put away almost nobody in this country. Yet the Americans still had the experience with Bernie Madoff getting away with $65 billion.
At least the U.S. has moved to re-regulate, to reverse the period of deregulation under the Republicans for the last 8 to 10 years. They are at least taking the issue seriously in the United States now and attempting to re-regulate. Even though it had a better system than Canada and was more effective in putting people in jail, it still allowed a lot of abuses. It is time Canada caught up, rather than falling further behind the United States.