Thank you so much, Chair. Thank you for chairing and inviting me and letting me sit in on this fascinating discussion.
I remember when the Nortel workers came here to Ottawa after they were robbed of their pension—in the United States, the pension shortfall of $514 million was covered by the Pension Benefit Guaranty Corporation—and I remember members of every party coming out. They all went up and they said they were so sorry.
We're not talking about somebody's funeral here; we're talking about a policy failure. We're here to talk about whether or not we are going to change policy to protect pensions.
My Liberal colleagues have suggested an amendment to this bill where we put a cap on what the pensioners get in order not to unfairly leave behind the hedge fund operators or the banks.
Mr. Powell, do you think a cap on what pensioners should be allowed to get would be fair? Would you suggest it for this bill? Would a cap on what pensioners get—pensioners who are not getting what they deserve out of what they paid—be a reasonable option for us?