Thank you, Mr. Berthelette.
It goes back to the point I think Mr. Watson made about at the time there was a real liquidity crisis in the markets. I think everyone would agree. There was a meltdown and money was tight; it was hard to find. Canadian taxpayers' dollars went into a restructuring plan, a billion of which finds its way to the U.S. corporate headquarters. Of course for those of us...and four of us on this committee are either representatives of or tied to the auto sector one way or the other: Mr. Watson, Mr. Carrie, Mr. Carmichael, and me, who represented workers.
I know all too well, as an ex-CAW leader who was at bargaining, that you bargain and fight against each other inside your own corporation. If the liquidity ends up in GM U.S. hands...and we don't know what happened with it, they may very well have invested it. I'm speculating; I'm not asking you to speculate. They could have invested in a plant in the southern United States that takes on the St. Catharines transmission plant that I represent. We don't know that.
With money being tight, they could have used part of the money that was in escrow to take on what we thought was going to be a viable corporation up here that we were trying to bail out at the time. That's speculation; we don't know.
As you pointed out, Mr. Berthelette, I guess we should have known, and I think what Industry Canada is saying, Mr. Jennings, is that in the future we will find out and know where money is going. I believe that's what you said in your action plan. Is that correct?