Mr. Speaker, I would like to ask the hon. member about the mortgage insurance section of the bill, given that it is by far the largest section of the budget implementation act.
Why does he think it is good public policy for the Canadian taxpayers to assume the risk, through public dollars to the tune of $300 billion, for the mortgage insurance undertaken by the private sector? Should these companies not just pay premiums and assume their own risk for the mortgages that they insure?