Madam Speaker, the member talked about a single regulator. With his experience in the previous government with financial matters and being from the centre of the financial universe, the greater metropolitan Toronto area, he would have some experience in giving an answer to this question.
Why is the government behind the United States with respect to the self-regulation of securities, with respect to cracking down on fraudsters, and why does this bill have no response, for instance, to the type of rampant Madoff situations that occur in the United States? Even though the Conservative government emulates the United States in so many ways in its style of politics, why is it so far behind the U.S. regulatory and punitive regime with respect to securities?