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": "2012-03-01 16:50:00",
"attribution": {
"en": "Mr. Tarik Brahmi",
"fr": "M. Tarik Brahmi"
},
"content": {
"en": "<p data-HoCid=\"2717869\" data-originallang=\"fr\">Mr. Speaker, my colleague from <a data-HoCid=\"170180\" href=\"/politicians/jean-rousseau/\" title=\"Jean Rousseau\">Compton\u2014Stanstead</a> hit the nail right on the head. It is right there in black and white in the OECD report entitled \u201cFinancial Literacy and Consumer Protection: Overlooked Aspects of the Crisis\u201d: \u201c...consumers have low levels of financial literacy and often overestimate their skills, knowledge and awareness when it comes to credit products.\u201d That sums up the situation nicely.</p>\n<p data-HoCid=\"2717870\" data-originallang=\"fr\">Consumers are being asked to be their own doctor and their own neurosurgeon. Average consumers cannot be expected to make informed decisions about such complex subjects. It is up to the government to implement measures that restrain financial institutions and prevent them from developing products that, though innovative, are impossible to understand and can trap people, such as subprime mortgages. </p>",
"fr": "<p data-HoCid=\"2717869\" data-originallang=\"fr\">Monsieur le Pr\u00e9sident, mon coll\u00e8gue de <a data-HoCid=\"170180\" href=\"/politicians/jean-rousseau/\" title=\"Jean Rousseau\">Compton\u2014Stanstead</a> a tr\u00e8s bien r\u00e9sum\u00e9 la situation. On peut le lire noir sur blanc dans le rapport de l'OCDE intitul\u00e9 \u00ab Culture financi\u00e8re et protection des consommateurs : les oubli\u00e9s de la crise \u00bb: \u00ab [...] la culture financi\u00e8re des consommateurs est m\u00e9diocre et [ils] surestiment souvent leurs comp\u00e9tences, leurs connaissances et leur sensibilit\u00e9 lorsqu\u2019il s\u2019agit de produits de cr\u00e9dit. \u00bb \u00c7a r\u00e9sume compl\u00e8tement la situation. </p>\n<p data-HoCid=\"2717870\" data-originallang=\"fr\">On demande aux consommateurs d'\u00eatre leur propre m\u00e9decin et leur propre chirurgien neurologique. On ne peut pas demander \u00e0 la moyenne des consommateurs de prendre des d\u00e9cisions \u00e9clair\u00e9es sur des sujets tr\u00e8s complexes. Il appartient plut\u00f4t au gouvernement de mettre en place des mesures qui vont contraindre les institutions financi\u00e8res et les emp\u00eacher de d\u00e9velopper des produits qui sont innovateurs, mais qui sont incompr\u00e9hensibles et qui sont des pi\u00e8ges, par exemple les <em>subprimes</em>.</p>"
},
"url": "/debates/2012/3/1/tarik-brahmi-8/",
"politician_url": "/politicians/tarik-brahmi/",
"politician_membership_url": "/politicians/memberships/4093/",
"procedural": false,
"source_id": "6778603",
"h1": {
"en": "Government Orders",
"fr": "Initiatives Minist\u00e9rielles"
},
"h2": {
"en": "Financial Literacy Leader Act",
"fr": "Loi sur le chef du d\u00e9veloppement de la litt\u00e9ratie financi\u00e8re"
},
"document_url": "/debates/2012/3/1/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fdebates%2F2012%2F3%2F1%2F"
}
}