Mr. Speaker, the fact is our financial system in Canada is a model for the world and our regulation system is a model for the world. No Canadian taxpayer moneys went into Canadian banks. Would that it were so for the United States, the United Kingdom and other countries in western Europe. Those countries had to put taxpayer money into their banks. Now they are going back to the banks and taxing them, or proposing to, to get their money back for their taxpayers. That is not the Canadian situation. We have one of the best banking systems in the world.
In the House of Commons on May 6th, 2010. See this statement in context.