Thanks CDN!

I see this starting to come out in several articles today. This is what appears to be a defensive measure by someone higher up than SLI. Again though, by explaining the small part to the public, they are deliberately ignoring the real problem here that encounters the responsibility and accountability of the regulators. Its a weak attempt at trying to cover up the real issue. Its very sloppy at its best, but suggests to me, that there is not much more of a defence the enforcers of regulation can take.

I would use the analogy , or metaphorically speaking, of having a broken steering wheel on your car, just because the steering wheel is broke, doesn,t mean you throw the whole car away. By not addressing the real problem, the steering wheel, you are condeming the whole car. Over a course of time, if you keep throwing cars away because of simple broken things, you have no more cars, and this will create other problems that effect other things, cause and effect.

I believe it is also magnifying how undemocratic and perhaps unjust the markets really are, and it shows the control of how the laws can be used to the advantage of the few, while ignoring the many. The protection displayed to the biggest contributors of the market, the investors, appears to be a falsehood. This contradicts the upholding of confidence and integrity in a market and a democratic society. It further affects any and all monies put into the market by Canadians, including all pension monies.