Mr. Speaker, I enjoyed the member's speech. I want to draw his attention to page 8 of the throne speech and the issue of the national securities regulator. As I see it, it is basically a feel-good exercise on the part of the government. It is planning to spend $160 million creating a bigger bureaucracy and is probably not going to change the people running the organization.
The organizations are not the problem; it is the people running them that are the problem, because they are being hired from the very companies they are supposed to be regulating. That is the real problem. That is why Conrad Black was not put in jail in Canada. He was put in jail in the United States, even though he committed his crimes in Canada. The Canadians could not do it.
The government members think that somehow if they can set up a national securities regulator, it is going to solve all of their problems. The government is not going to be able to do that unless it staffs the organization with people who are not coming from the companies they are currently regulating, that is, staffing it with people who are going to be more investigative in nature and have a better enforcement approach.
I am not sure what the hon. member and the Liberal Party's position is on this particular issue right now, but I want to make the point that just changing the structure is not going to amount to a more effective organization, unless one changes the people running the organization.