Wednesday, July 20, 2011

Is it possible that Flaherty doesn't have a clue?


Tax Changes Hurt Some REITS [July 20, 2011 2:20 PM]

Dennis Mitchell of Sentry Select Capital on BNN states:

"This is kind of the Department of Finance basically acknowledging that they really don't know what they're doing and they have no clue about how the capital markets work."

"...This is incompetence really....you can't keep changing the rules, I am sure Jim Flaherty will say that he is giving the market clarity. If we keep getting clarity every six months nobody will be able to allocate capital properly."

See video clip here

4 comments:

Dr Mike said...

Jim , Jim, Jim , what have you done this time????

Just another wack of the small investor to help out a few more of your corporate buddies????

Another "leveling of the playing field"????

Another round of sticking it to old guy investors that don`t have a clue????

Or is this just another "brain fart" from the author of the largest "brain fart" ever heard around the world , The Tax Fairness Plan.

This guy is really very good (judging from his longevity) or really very very bad & I suspect the latter to be true.

Dr Mike Popovich

Bruce Benson said...

Finally someone with some balls to call it like it is! No more kissing Flaherty's ass. Are there no more Dennis Mitchell’s out there?

Anonymous said...

Flaherty

Why are senior living reits under your fraud trust decision are NOT classified as REITs. The rest of world classifies them as REITs.
Let me guess, seniors can settle for canned soup instead of home made soup !

Ah wait, just ordered the movie
Dumb and Dumber should get my answer there JIM !!

JIC

Anonymous said...

Dennis Mitchell
Thats why my family and I have his Reit fund. Dennis should be invited to parliament to turn that whole building into a senior living REIT, oops can't do that , maybe a stapled trust, opps can't do that either, Shucks never thought REITs were so complicated since October 2006.

JC