From $25B To $225B ... For South Of The Border?
Back there, I opined my suspicions that the Harper/Flaherty promised $25B "rescue" for our banks was likely to go straight down south of the border because of this currently ongoing hush-hush scam-in-the-works.
Well, looks like I may have been on the spot here, because that $25B has now morphed into $225 (h/t) - thus leaving much more leeway for our banks and financial institutions to risk it all and buy "toxic assets/mortgages" south of the border, thus "helping" out as the U.S. Fed is asking.
Curiously, this new $225B Harper/Flaherty scheme sounds similar to the latest $300B "McCain plan" ...
We better keep a close watch on this, folks ...
I am still hoping that I am way off and that none of our taxpayer money, or that already held by our banks/finance institutions, will not be used to help bail out the U.S. - thus in turn leaving those same banks/finance institutions of our country wide open for a need of "true", additional bailing out from our government should the bought toxic assets turn into dust ...
Well, looks like I may have been on the spot here, because that $25B has now morphed into $225 (h/t) - thus leaving much more leeway for our banks and financial institutions to risk it all and buy "toxic assets/mortgages" south of the border, thus "helping" out as the U.S. Fed is asking.
Curiously, this new $225B Harper/Flaherty scheme sounds similar to the latest $300B "McCain plan" ...
We better keep a close watch on this, folks ...
I am still hoping that I am way off and that none of our taxpayer money, or that already held by our banks/finance institutions, will not be used to help bail out the U.S. - thus in turn leaving those same banks/finance institutions of our country wide open for a need of "true", additional bailing out from our government should the bought toxic assets turn into dust ...
you're probably right. Harper has linked his personal and political fortunes to the US. Makes sense to me. Very frustrating that we have to dig for this type of info and try to fill in the blanks as best we can.
ReplyDeleteWhat an appalling government.
(I decided to leave the tequila aside. Just coffee tonight!)
(same here - beer will wait for tomorrow) ;-)
ReplyDeleteSeriously though - I sill hope harper is not running that kind of con game at our expense ...