I hold great interest in Jim Flaherty,s recent move at trying to consolidate Canadas government backed regulators of the provinces. He has caused alarm among the regulators, besides the BCSC and OSC, unless more have jumped on board since a month or so ago.

I believe Flaherty sees whats coming and thats why he is trying to act fast in organizing a credible one regulator for all Canada, as well as perhaps taking the regulating control out of the hands of the Maple Group, mainly the banks and bigger Lets face it, there is little integrity in the markets, and in a time of class action law suits and the revelations of wrong doings or less than ethical actions by some of the bigger banks, the onus falls on our government to protect its people. Its when the government has been slack in protecting Canadians monies in these markets, pensions for example, the issue of negligence arises placing accountability and responsibility on to our government.

If enough law suits start hitting the government because of negligence, and if Canadians pensions appear quickly to be in jeopardy, something big may hit the fan. Upon a realization or revelation of how the average persons money is not growing, and perhaps shortfalls in pensions, by every day citizens of this country, an even more pronounced subject of accountability may enter the picture.

The move/attempt by Flaherty will not change any manipulation etc that has happened in the past, but I suspect his move is such as to say, "hey, look , we are taking action" in a lame and little too late attempt at salvaging a stock market that has been infiltrated by powerful and corrupt entities. When it comes to a point, as it has now with SLI, that the government cannot help its every day citizens, this suggests that the greed power has control of the government as well. To me, this action is nothing more than a condescending attempt at consolation, to try to help ease the blow and keep panic at a mininum, when it expands to the point of no return.

Perhaps one should ask themselves, if company,s stock is based on forward projections, and the U.S. economy collapses further, and stocks come tumbling down, how bad will it get in the Canadian and global markets? Everyone cannot rush to the foriegn markets, it would create such an imbalance of power and illusion, that it would eventually fail because of how everything is connected on this global financial system.

There is one chance here, Hon Jim Flaherty, and thats to clean this mess up now, there is no more time.

IMO

Rick