Finance committee  That's a complete misconception.

Finance committee  I'm now being accused of having produced a manual for the crooks.

Finance committee  They are used from time to time by CRA, to what extent I don't know. But the point is we aren't cracking down on a lot of this.

Finance committee  I agree with you 100%. There are many ways these things can be attacked. I often get into court and say, “Gee, this is a novel trick that was used. I wonder who advised them how to do this.” It certainly wasn't the client. So these things have to be pursued.

Finance committee  No. I essentially agree with what he was saying.

Finance committee  No. It's to clue in the members right across Canada that they have to do something about IFRS.

Finance committee  You say 95%. Can you prove that?

Finance committee  I don't see the point of us talking across Canada—and I'm not talking just federally—about protecting seniors. We had this report that just came out recently calling for more public education, and so on. If we seriously want to protect pensions, and everybody agrees it's important, why don't we knuckle down and take the steps that are necessary to prevent these deregulations?

Finance committee  Yes, because the dollars are monstrous. I'm not guessing. We called Nortel years in advance. This was billions of dollars. It was the same thing for the business income trusts. You can go through a long list of situations that we've called as problems. I have given files to IMET and other people and said, look, these are ridiculous, they have to be investigated.

Finance committee  There are many relatively easy ways of doing this. You can just sit in a restaurant and observe the cash register and see how much cash actually gets into a pocket versus the cash register. There are dozens and dozens of these.

Finance committee  Absolutely.

Finance committee  Financing your longer-term by the low-hanging fruit? I can't disagree with that, but how much are you going to get?

Finance committee  Look, I see nasty security scams virtually every day in this country that go uninvestigated. What is wrong with us that we—

Finance committee  I've been on the side of getting prosecutions that have been effective. I know how much effort is required to do that. I see some of these other ones reported that, gee, we didn't get a conviction here, there, and everywhere. Just look at IMET, for heaven's sakes, and how much money has gone into that.

Finance committee  Let me make myself very unpopular. The situation I see from time to time is that governments want money to go to other countries, and they have causes and agendas and everything else. If you go so far as to cut off a government having a slush fund that most of us would agree should be spent, then you've gone too far, in my opinion.