I want to pick up on the thing that we talked about—when companies that we say are “too big to fail” actually do fail, and who pays the price.

Before I was elected, I did work at Bell Telephone; I was a telephone operator. I also worked in corporate social responsibility, at a financial institution. The idea was that corporate social responsibility means you do the right thing, because it fits your value statement, but it also has significant impact on the bottom line.

When things go wrong in companies, they often have to pay the price. But in this instance, the flaw that you’re pointing out is that when things go wrong, the people who pay the price when companies go bankrupt—and we know that with small mining companies, there are lots of insolvencies. When things go wrong—they either go bankrupt or there is an environmental disaster—we pick up the tab as taxpayers and also investors, who have limited protection here as well.

Did you want to say a little bit more about who pays the cost when things go wrong?