Friday, October 10, 2008

Hey Jim: When is a Canadian bank bailout, not a Canadian bank bailout?




Yesterday:
“The banks aren’t seeking to be bailed out, the government won’t be bailing them out. That isn’t going to happen.” Jim Flaherty

Today: Ottawa takes $25 billion in mortgages off banks' books to loose credit

1 hour ago

OTTAWA — The federal government is buying up $25 billion in residential mortgages to give the chartered banks additional cash to issue loans, Finance Minister Jim Flaherty announced Friday.

2 comments:

Dr Mike said...

Does Jim know what the hell is going on or not??

One day he says no bail-out.

A few hours later he is in the trough with both feet.

Either this guy is totally clueless or someone much higher up is pulling his strings & I don`t mean Harper.

Mark Carney is that you I hear in the distance??

Yes , I think I can hear the pitter patter of little Goldman Sachs feet.

Dr Mike Popovich.

Anonymous said...

As I have said before, His Flatulance is a trained seal tossing up balls with his nose and barking and clapping all the while.
Will His Flatulance ever quit his bull shitting ways? Why does he keep getting away with deceit?