This is a single
speech (house debate) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
This is a single
speech (house debate) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2009-02-09 13:50:00",
"attribution": {
"en": "Hon. Shawn Murphy (Charlottetown, Lib.)",
"fr": ""
},
"content": {
"en": "<p data-HoCid=\"1273264\" data-originallang=\"en\">Mr. Speaker, in his speech my learned friend talked about the lack of merits of a national securities regulator and said that various provinces, including Quebec, have a great system now. This is 72 hours after the Caisse de d\u00e9p\u00f4t announced that it lost $38 billion last year. One of the reasons for that loss was the investment in asset based commercial paper. The regulators in Quebec, Ontario and every other province did not understand the product, did not understand the rulings from the rating agencies, did not realize that these were toxic products. This caused a lot of losses and damages to ordinary working Quebeckers and Canadians. </p>\n<p data-HoCid=\"1273265\" data-originallang=\"en\">Given the facts that have come to light in the last little while, does my learned friend think the system can be improved?</p>",
"fr": "<p data-HoCid=\"1273264\" data-originallang=\"en\">Monsieur le Pr\u00e9sident, dans son discours, mon savant coll\u00e8gue a laiss\u00e9 entendre qu'un organisme national de r\u00e9glementation des valeurs mobili\u00e8res n'avait pas sa raison d'\u00eatre, disant que les diverses provinces, y compris le Qu\u00e9bec, avaient d'excellents syst\u00e8mes \u00e0 l'heure actuelle. Or, il n'y a pas 72 heures, la Caisse de d\u00e9p\u00f4t annon\u00e7ait une perte de 38 milliards de dollars pour l'ann\u00e9e derni\u00e8re. La perte est attribuable entre autres \u00e0 l'investissement dans le papier commercial adoss\u00e9 \u00e0 des actifs. Les organismes de r\u00e9glementation du Qu\u00e9bec, de l'Ontario et de toutes les autres provinces n'ont pas compris les d\u00e9cisions des agences de notation et ne se sont pas rendu compte qu'il s'agissait de produits toxiques. Il en a r\u00e9sult\u00e9 des pertes et des dommages pour les Qu\u00e9b\u00e9cois et les Canadiens ordinaires.</p>\n<p data-HoCid=\"1273265\" data-originallang=\"en\">Compte tenu de ce que nous avons pu apprendre derni\u00e8rement, mon savant coll\u00e8gue croit-il que le syst\u00e8me peut \u00eatre am\u00e9lior\u00e9?</p>"
},
"url": "/debates/2009/2/9/shawn-murphy-1/",
"politician_url": "/politicians/shawn-murphy/",
"politician_membership_url": "/politicians/memberships/1450/",
"procedural": false,
"source_id": "2589696",
"h1": {
"en": "Government Orders",
"fr": ""
},
"h2": {
"en": "Budget Implementation Act, 2009",
"fr": ""
},
"document_url": "/debates/2009/2/9/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fdebates%2F2009%2F2%2F9%2F"
}
}