Mr. Speaker, the Conservatives denied changes to the Museum of Civilization, too, and look at what happened.
What the Conservatives are saying is that we need to get out of the business of providing confidence in the housing market. They say we need to abandon CMHC, the best tool middle-class Canadians have for ensuring stability in the housing market.
However, the example of Fannie Mae and Freddie Mac in the United States shows what happens when we make private companies too big to fail.
If the privatized CMHC fails, who do the Conservatives think will pick up the pieces?