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{
    "time": "2008-11-20 14:40:00",
    "attribution": {
        "en": "Hon. Jim Flaherty (Minister of Finance, CPC)",
        "fr": ""
    },
    "content": {
        "en": "<p data-HoCid=\"1243573\" data-originallang=\"en\"> Mr. Speaker, any new system would respect regional differences in Canada.</p>\n<p data-HoCid=\"1243574\" data-originallang=\"en\">In the course of the past year, we have had to deal with the non-bank backed, asset backed commercial paper issue. It is not yet finalized. This is a serious issue involving $32 billion or $33 billion of Canadians' money. </p>\n<p data-HoCid=\"1243575\" data-originallang=\"en\">The regulation was the responsibility largely of the provinces and the territories, not the Government of Canada, but who gets called upon in crises is the Government of Canada to deal with these issues on behalf of Canadians. This is a gap in our system of regulation that the crisis that we are going through points out it is necessary to fill.</p>",
        "fr": "<p data-HoCid=\"1243573\" data-originallang=\"en\">Monsieur le Pr\u00e9sident, tout nouveau syst\u00e8me respectera les diff\u00e9rences entre les r\u00e9gions au Canada. </p>\n<p data-HoCid=\"1243574\" data-originallang=\"en\"> Au cours de l\u2019an dernier, nous avons d\u00fb nous occuper du probl\u00e8me des papiers commerciaux adoss\u00e9s \u00e0 des actifs et non garantis par des banques. Le dossier n\u2019est pas encore clos. Il s\u2019agit d\u2019un probl\u00e8me grave. Le montant en cause pour les Canadiens s\u2019\u00e9levait \u00e0 32 ou 33 milliards de dollars. </p>\n<p data-HoCid=\"1243575\" data-originallang=\"en\"> La r\u00e9glementation relevait en grande partie des provinces et des territoires, non du gouvernement du Canada, mais en cas de crise, c\u2019est au gouvernement du Canada qu\u2019on fait appel pour s\u2019occuper de ces probl\u00e8mes dans l\u2019int\u00e9r\u00eat des Canadiens. Il s\u2019agit l\u00e0 d\u2019une lacune de notre r\u00e9gime de r\u00e9glementation, et la crise actuelle montre qu\u2019il faut la combler. </p>"
    },
    "url": "/debates/2008/11/20/jim-flaherty-9/",
    "politician_url": "/politicians/jim-flaherty/",
    "politician_membership_url": "/politicians/memberships/413/",
    "procedural": false,
    "source_id": "2556860",
    "h1": {
        "en": "Oral Questions",
        "fr": ""
    },
    "h2": {
        "en": "Securities Commission",
        "fr": ""
    },
    "document_url": "/debates/2008/11/20/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fdebates%2F2008%2F11%2F20%2F"
    }
}