I've said this a million times. History will prove Jean Chretien was the greatest PM in the history of Canada. Yesterday the University of Western Ontario bestowed an Honorary Doctor of Laws upon him. He had a couple things to say.
"People will remember how much hell I received in 1995 because I refused to let the banks merge," he said. "They said, 'We need Canadian big banks who can compete with the world, so stop regulating the banks; we need the freedom of the market,"' Chretien told the graduation ceremony.
"Today in the turmoil, because we said no in 1995, you read any newspaper talking about stability, they all say the best stable banks in the world are in Canada today."
Chretien later turned on his characteristic charm when asked why he thought the Liberals were so soundly thrashed in the vote that saw Prime Minister Stephen Harper's Conservatives returned to power with a bulked-up minority.
The Liberals were reduced to 76 seats in last week's election - down from 103 in 2006 - and captured just 26.2 per cent of the popular vote.
"We didn't have enough votes to win," he joked.