Mr. Speaker, I thank the hon. member for putting the bill forward. This clearly is an admission by the Conservative Party that the state is required to intervene in the private sector with regard to the banks. They have not been in the best interests of Canadian consumers and they cannot be trusted to do this unilaterally. They need regulation, oversight and they need the state to intervene on their market system because they have not been able to complete the job fairly for Canadians and for businesses across the country.
Is state intervention also necessary for the insurance industries or is it just the banks and this one credit card issue that requires the intervention to ensure the free market system is operating with some accountability, which is not taking place? Is this what the member has heard from Canadians and is this why she has asked for state intervention in the private sector for this model?