SoVote

Decentralized Democracy

House Hansard - 89

44th Parl. 1st Sess.
June 15, 2022 02:00PM
Context: House Hansard - 89 - Jun/15/22
Hon. Michael Chong (Wellington—Halton Hills, CPC)
  • Jun/15/22 2:14:55 p.m.
  • Watch
Mr. Speaker, the little guy is losing his shirt. Where are the regulators? House prices doubled in six years, and now they are crashing. Why did regulators not slow the out-of-control growth in mortgage credit? Why did they not stop banks from mortgaging 95% of the value of an asset that had doubled or tripled? Last year, the New York state attorney general banned Bitfinex and Tether from New York's financial markets and fined them. She said they were each a lie and a fraud, but it took regulators here six months to ban Tether, and Bitfinex has never been banned. Now stable coins and crypto are collapsing. Why did regulators not protect ban these frauds and Ponzi schemes? Where are OSFI, CMHC, Finance Canada and the Ontario Securities Commission? Where are Crown prosecutors, attorneys general and law enforcement? Where is the government in protecting the finances of ordinary Canadians?
153 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 89 - Jun/15/22
Hon. Michael Chong (Wellington—Halton Hills, CPC)
  • Jun/15/22 2:54:13 p.m.
  • Watch
Mr. Speaker, the public safety minister has said repeatedly that law enforcement recommended that the government invoke the Emergencies Act, but yesterday the emergency preparedness minister said at committee, “I am not aware of any recommendation from law enforcement.” Suspending civil liberties is serious; so is misleading the House. I have a simple question for the Prime Minister: Does he believe the minister has acted honourably?
68 words
All Topics
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 89 - Jun/15/22
Hon. Michael Chong (Wellington—Halton Hills, CPC)
  • Jun/15/22 2:55:24 p.m.
  • Watch
Mr. Speaker, the public safety minister is putting the government in a very difficult position. He has said the police requested the invocation of the act. Clearly, that is not the case. None of his cabinet colleagues concur with him. Neither does his deputy minister. The minister needs to take some time to reflect on the principle of ministerial accountability and on the integrity of our parliamentary system. He needs to decide what the honourable course of action is. Will he do that?
83 words
All Topics
  • Hear!
  • Rabble!
  • star_border