Banks got $114B bailout during squeeze
While banks in the US, UK and elsewhere were getting very public bailouts in 2009, Canada quietly passed $114 billion to its banks, a fact only coming to light now.
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qatzelok 12:49 on 2012/04/30 Permalink
The reason this massive brown envelope was handed out so “quietly” is because our media is so corrupt. The Gazette probably ran ‘a crossing guard story’ on its front page that day.
Josh 15:33 on 2012/04/30 Permalink
That money was given out so that banks had liquidity to keep credit rolling for small- and medium-sized businesses. Taxpayers made all their money back and then some. If the issue is the secrecy and speed with which it was done… well, better to have inflexible governments who cannot respond when there is a crisis?
qatzelok 19:14 on 2012/04/30 Permalink
Yes, without stealing our tax dollars, those banks wouldn’t have had anything to play pretend banker with. And if banks can’t hang onto their own money, then it’s the taxpayer’s job to hand over all the money that was earmarked for social programs. Josh, if the mafia needs a PR person, I think you ought to send them your CV.
Josh 20:23 on 2012/04/30 Permalink
qatzelok: ALL THE MONEY AND THEN SOME was returned to the treasury. What part of that is difficult for you?
Marc 20:31 on 2012/04/30 Permalink
@ Josh: Please don’t feed the trolls.
Josh 20:49 on 2012/04/30 Permalink
Right. Sorry.
qatzelok 21:53 on 2012/04/30 Permalink
“ALL THE MONEY AND THEN SOME was returned to the treasury. What part of that is difficult for you?”
I’ll admit that the shell game that the Banksters are playing moves pretty fast. Which is why they need to be quickly defanged before they destroy anything that they haven’t destroyed already.
Spock 08:23 on 2012/05/01 Permalink
qatzelok, maybe you should go live in Cuba. This was you can enjoy the best of what communism has to offer as well as great weather….
Kate 09:07 on 2012/05/01 Permalink
Guys, qatzelok is here by my permission. I know trolls. qatzelok is not a troll, and I will not tolerate name-calling here.
qatzelok 11:18 on 2012/05/01 Permalink
@ Spock: “maybe you should go live in Cuba”
A friend of mine just got back from two weeks in Cuba, and she had a great time. So I guess that was a compliment. :)
Spock 18:46 on 2012/05/01 Permalink
Staying at a resort is not Cuba. Scrounging around for a loaf of bread is… that’s the Cuba i refer to my friend.