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Uploaded on Feb 14, 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