Madam Speaker, I would like to take my colleague back to 2005. Sheila Fraser, who was the auditor general at the time, published a scathing report on foundations. In the late 1990s and early 2000s, the Liberal government created some fifteen foundations. As early as 2005, the former auditor general found that $9 billion had been transferred to these 15 foundations between 1998 and 2002. That is equivalent to about $17 billion today. She also found that the government had very little control over these foundations.
Should action not have been taken at the time to do away with this type of arm's length foundation that manages taxpayer money?