I think it's important to point out that I cannot interfere directly in loans or loan applications. My job is to establish public policy; the job of the board is to enact it. I've instructed the board that, as long as I'm the Minister, the public policy is to make higher risk decisions, require less collateral, and not to ask in a manner in which conventional banks do. Thank you.
John Todd on Question 305-12(5): Mandate Of Business Credit Corporation
In the Legislative Assembly on March 16th, 1994. See this statement in context.
Further Return To Question 305-12(5): Mandate Of Business Credit Corporation
Question 305-12(5): Mandate Of Business Credit Corporation
Item 5: Oral Questions
March 15th, 1994
Page 631
John Todd Keewatin Central
See context to find out what was said next.