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No bailout package needed for Canada's banks: H

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No bailout package needed for Canada's banks: Harper


Business | 206694 hits | Sep 19 8:52 am | Posted by: Hyack
12 Comment

The federal government is not considering any bailout plans for Canada's banks and other financial institutions, Prime Minister Stephen Harper said on Friday, as a massive and unprecedented package was being prepared in the United States.

Comments

  1. by avatar robmik43
    Fri Sep 19, 2008 6:37 pm
    Last line :"Bloc Leader Gilles Duceppe will be in Rimouski, Rivi�re-Du-Loup and Montmagny, all in Quebec."
    Thank God for the CBC...like where else
    would Duceppe campaign except Quebec ?

  2. by avatar djakeydd
    Fri Sep 19, 2008 6:40 pm
    I hear harper gonna bail out the u.s. banks with our $$ plus provide some additional funds so the u.s. can find obl in Afghanistan to the tune of another 22 bill. Ahhhh - who needs infrastructure, medical care or schools. Bought right dont ya all figure :roll:

    http://www.marketoracle.co.uk/Article6337.html

    Not for the faint of heart

  3. by ridenrain
    Fri Sep 19, 2008 7:08 pm
    Canada's banks will need a bail out if Jihad Jack gets at them.

  4. by avatar Zipperfish  Gold Member
    Sat Sep 20, 2008 2:57 am
    Yeah Bush showed his socialist colours once again. Corporate welfare. Take from the poor, give to teh rich.

    Clearly this economic meltdown is yet another symptom of global warming.

  5. by avatar Reverend Blair
    Sat Sep 20, 2008 3:10 am
    If Bush wanted to bail somebody out, why not give the money to the people losing their houses?

  6. by avatar commanderkai
    Sat Sep 20, 2008 3:53 am
    "Reverend Blair" said
    If Bush wanted to bail somebody out, why not give the money to the people losing their houses?


    I believe that's happening too.

    Edit: Here

    http://realtytimes.com/rtpages/20070420 ... prompt.htm

    Guess who's money they're using? The same money the Bush administration, along with Democratic Congress, gave them.

  7. by avatar EyeBrock
    Sat Sep 20, 2008 3:55 am
    Yea, I see that they are encouraging US banks not to repossess. Instead they are being told to restructure the loans to make them more affordable. Makes economic sense.

  8. by avatar Reverend Blair
    Sat Sep 20, 2008 4:00 am
    It would make more sense if they never would have gotten into this mess by deregulating everything. Funny how when the capitalists mess up they revert to socialism though.

  9. by avatar Toro
    Sat Sep 20, 2008 4:08 am
    Wall Street, the Bush administration and the Fed are doing more to promote socialism than the socialists ever could.

    Haven't looked at the Canadian banks' balance sheets lately so I don't know if Harper's pronouncement is correct. The Canadians are probably okay but we'll see when Canadian real estate drops 20%.

  10. by avatar EyeBrock
    Sat Sep 20, 2008 4:09 am
    "Reverend Blair" said
    It would make more sense if they never would have gotten into this mess by deregulating everything. Funny how when the capitalists mess up they revert to socialism though.


    Agreed. The US regulators seem to have been asleep at the switch to let all this happen.

  11. by avatar Reverend Blair
    Sat Sep 20, 2008 4:18 am
    See, it would make sense for Canada to learn from their mistakes and put the NDP into power.

    At the very least though, we shouldn't be putting a Prime Minister back in power who is pushing the same deregulate, privatize, and let the markets do as they will ideology that got the US into this mess in the first place.

  12. by avatar robmik43
    Sat Sep 20, 2008 6:38 pm
    "Reverend Blair" said
    See, it would make sense for Canada to learn from their mistakes and put the NDP into power....


    Wishing won't make it so.
    Neither will your vote.
    Thank God in both cases.



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Who voted on this?

  • WDHIII Fri Sep 19, 2008 9:39 am
  • Eisensapper Fri Sep 19, 2008 7:41 pm
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