Mr. Speaker, I take exception right off the bat to the hon. member's statement that the point was missed. I do not think the point was missed.
The motion refers to banking and banking institutions.
I spoke about the Federal Business Development Bank in my speech. I also spoke about the need for equity and venture capital. I spoke about the banks. As the member says, the banks have an interest to play and have to be more responsive to small and medium sized businesses.
financial institutions, but to say we control the banking system is of course totally wrong.
The banks make their own decisions. What we want them to do is to look at those decisions, realize that the economy is restructuring, realize that these small and medium sized businesses may not have the equity and the assets that they are looking for and to take more of a risk in regard to these small and medium size businesses so they will create jobs. That is what my remarks were directed toward and I think that is directly on point.
Subtopic: ALLOTTED DAY, S. O. 81-THE ECONOMY