Speech (House debate)

{
    "time": "2009-02-24 12:25:00",
    "attribution": {
        "en": "Mr. Charlie Angus (Timmins\u2014James Bay, NDP)",
        "fr": ""
    },
    "content": {
        "en": "<p data-HoCid=\"1305255\" data-originallang=\"en\">Mr. Speaker, I agree with certain elements in my colleague's speech. However, I do not believe this is an economic stimulus package. It seems to be an ideological cattle prod aimed at attacking women's equity rights, the environment and even student loans.</p>\n<p data-HoCid=\"1305256\" data-originallang=\"en\">My question for my hon. colleague concerns the issue of the regulator. I do not believe the people sitting across the aisle have any real commitment to corporate accountability. They have never shown any in the past. </p>\n<p data-HoCid=\"1305257\" data-originallang=\"en\">However, there is the issue of widespread corporate fraud. My hon. colleague can make it an issue of Montreal versus Toronto, but the one thing that all these security regulators have in common is the free passes they allow for dodgy companies to pick and choose where they want to go. </p>\n<p data-HoCid=\"1305258\" data-originallang=\"en\">One of the big problems we see in Montreal is that it is the home of the derivative market, which is highly unregulated. It has been called the weapon of economic mass destruction. We do not even know how much effect it has because it is so unregulated. There is a need to address this in order to give consumers and investors confidence. </p>\n<p data-HoCid=\"1305259\" data-originallang=\"en\">I have not heard from Bloc members how they would ensure that confidence is guaranteed. Just because it is sits in Montreal does not give an investor confidence.</p>",
        "fr": "<p data-HoCid=\"1305255\" data-originallang=\"en\">Monsieur le Pr\u00e9sident, je suis d'accord avec mon coll\u00e8gue sur certains aspects de son discours. Cependant, je ne crois pas que nous soyons devant un ensemble de mesures de stimulation \u00e9conomique. J'y vois plut\u00f4t une charge id\u00e9ologique qui vise les droits des femmes en mati\u00e8re d'\u00e9quit\u00e9, l'environnement et m\u00eame les pr\u00eats aux \u00e9tudiants.</p>\n<p data-HoCid=\"1305256\" data-originallang=\"en\">La question que j'adresse \u00e0 mon coll\u00e8gue a trait \u00e0 l'organisme de r\u00e9glementation. Je ne crois nullement que ceux d'en face souhaitent v\u00e9ritablement que les entreprises aient des comptes \u00e0 rendre. Ils n'ont jamais manifest\u00e9 d'int\u00e9r\u00eat \u00e0 cet \u00e9gard jusqu'\u00e0 maintenant.</p>\n<p data-HoCid=\"1305257\" data-originallang=\"en\">Or, nous ne pouvons pas faire abstraction du ph\u00e9nom\u00e8ne r\u00e9pandu de la fraude de la part d'entreprises. Mon coll\u00e8gue peut bien faire valoir les avantages de Montr\u00e9al par rapport \u00e0 ceux de Toronto, mais toutes ces commissions des valeurs mobili\u00e8res ont une caract\u00e9ristique commune: celle de laisser le champ libre aux entreprises qui cherchent \u00e0 esquiver les r\u00e8gles en leur permettant de choisir leur lieu d'inscription.</p>\n<p data-HoCid=\"1305258\" data-originallang=\"en\">L'un des grands probl\u00e8mes, dans le cas de Montr\u00e9al, est que cette bourse d\u00e9tient le march\u00e9 des produits d\u00e9riv\u00e9s, qui est tr\u00e8s peu r\u00e9glement\u00e9. On a d\u00e9j\u00e0 qualifi\u00e9 ces instruments financiers d'armes \u00e9conomiques de destruction massive. Ce march\u00e9 est si peu r\u00e9glement\u00e9 que l'on n'en conna\u00eet m\u00eame pas les effets. C'est un aspect sur lequel il faut se pencher pour gagner la confiance des consommateurs et des investisseurs.</p>\n<p data-HoCid=\"1305259\" data-originallang=\"en\">Je n'ai pas entendu les d\u00e9put\u00e9s du Bloc dire comment ils feraient pour obtenir cette confiance. Le fait qu'une bourse ait son si\u00e8ge \u00e0 Montr\u00e9al ne suffit pas \u00e0 donner confiance \u00e0 un investisseur.</p>"
    },
    "url": "/debates/2009/2/24/charlie-angus-5/",
    "politician_url": "/politicians/charlie-angus/",
    "politician_membership_url": "/politicians/memberships/1434/",
    "procedural": false,
    "source_id": "2613460",
    "h1": {
        "en": "Government Orders",
        "fr": ""
    },
    "h2": {
        "en": "Business of Supply",
        "fr": ""
    },
    "h3": {
        "en": "Opposition Motion\u2014Securities Commission and Equalization",
        "fr": ""
    },
    "document_url": "/debates/2009/2/24/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fdebates%2F2009%2F2%2F24%2F"
    }
}