Madam Speaker, I agree with many of the member's points. She talked about the problem in large part being the lack of regulation in this country, and I think she is right about that.
However, the fact is the white-collar criminals were running amok before the Conservatives even formed government. It was so serious that Jean Chrétien's government set up IMETs within the police forces. I believe six of them were in place, but they had a very poor track record. Only five people were convicted in five years, whereas the United States managed to convict 1,200 white-collar criminals. Clearly, the system of regulation in Canada has to be changed.
The Conservatives are in government right now and they are not really doing anything that would change those regulations. They have to stop appointing to the regulatory boards people who recently left the jobs they are supposed to be regulating. We cannot expect to have a proper regulating environment when the regulators are golfing with the people they are regulating. That is the system the Liberals set up and the Conservatives have done absolutely nothing to change it. That is what they should be looking at.
Passing bills like this one is fine, but the Conservatives should be looking at re-regulating so that Earl Jones could not have taken advantage of people in the first place.