Jim Flaherty caught lying at Davos 2009

Jim Flaherty caught lying at Davos January 31 st 2009

quote:
fortunately Canada's banking system is sound , we have not had to put any PUBLIC money into our banking system

quote:
so we have our banks participating in the landing market , [...] , that's why in the budget we created a 200 billion dollar extraordinary financing framework which WE WILL USE

quote:
well we can encourage them (banks) certainly by making them more liquid , which WE (Canadian government using public money) have been doing by PURCHASING insured residential mortgages [...] and that has provided substancial liquidity CASH FOR OUR BANKS

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[tradergee1]

He said PUBLIC money.

[gete0]

The lie is months ago he said ALL IS FINE!!!!!..BULLSHIT...Good luck!

[soccer7539518246]

WOW ! He's my next door neighbor :P <3

[RimlandThesis]

there is a difference between Government giving banks money and handing out stimulus projects to businesses.

the US did both

Canada ONLY did the latter. what the CONS did do was purchase mortgages through a purchase NOT FREE MONEY LIKE OBAMA AND BUSH 2 DID

[sergioapuzzo]

jim is A FUCKIN PRICK

I HOPE HE DIES SOON AND HIS WHOLE FAMILY CROAKS ALONG WITH HIM TO GET RID OF SUCH GARBAGE GENES FROM OUR GENE POOL

EVOLUTION NEEDS TO ELIMIN ATE THESES IDIOTS

[Dyhalto10]

20% down payment for first-time home buyers is a good thing. Keeps speculators from overheating the market, like what happened in the US.

What does that mean to the real first time home buyers? Live with mom and dad for another year, or rent for another two. Big deal.

[Lumberkid]

Jim is a walking piece of sh*t. I've met this douche, he's a smug, fat little man who cannot hold a conversation.

First time home owners as of yesterday have to have 20% down.

can we all agree to vote these crooks out?

[solarcradle]

All this coming from our pockets while the big bankers gave themselves double digit million dollar bonuses, which Mr Flaherty supports! WE PAID for those assets.

Mr Flaherty needs to stop talking to us like we're ignorant idiots. You're fired! I don't like you anymore!

[solarcradle]

That's a lie!!! I as a tax payer am paying for an insurance backed mortgage. Strangely enough, with my spouse and myself both having a credit score of 780+, we were still required to insure our mortgage through CMHC. It's not cheap either! $12000 to insure our mortgage.

Another example of the public paying big bucks to the banks are the outrageous transaction fees. We usually end up paying $30 a month to bank fees alone! Talk about lies and unfair bank bonuses!

[Paetaor]

They bought performing mortgages that are insured through CMHC.

They swapped one asset for another if you want to get technical but they didn't just 'give' money away like the US treasury did with AIG and others.

Not even the bleeding heart Liberals or NDP opposed the deal.

Get your facts straight before you call people names.

Makes you look stupid.

[boombing1]

Your wrong dumbass the government has handed over public money to the banks in Canada. Check the budget on the Canadian governments website if you dont belive me.

[snowbiker111]

Peter is western canada and paul is in central canada...