Sir Bandelot

It is in the interest of controlling powers to silence the truth. Even the internet is under threat of corporate control. Search engines are owned by big corporations. Links disappear all the time. The second problem is information overload, like when the results of a search query is flooded with bogus or irrelevant links.

"LeBlanc has received considerable acclaim during his time in Parliament, particulaly his oratorical prowess while in Opposition. He was co-chair of the 2006 Liberal Party leadership convention in Montreal. He spoke for the party as Justice Critic against Stephen Harper's political libel suit, which the party and LeBlanc described as a "strategic lawsuit against public participation" and "a fundamental attack on freedom of political expression". At about this time, CTV commentator Mike Duffy revealed that LeBlanc was being touted as a potential successor to leader Stephane Dion." Sounds like he has been considered as a potential "leader in waiting" at one time.

Let me answer it for you... so the derivatives traders can make millions using imaginary money, propped up by the banks. The banks are so irresponsible, they don't even deserve to hold the mortgages.

M Dancer knows I am right, you can ask him. Maybe just check under your bed I'm sure he's there...

I know very well, when I am being lied to. Humper said we don't need a bailout, everything is fine. Then the bank guy whispered in his ear and now we need to get 50 Billion. So you show me where you think I am wrong, I want to see some evidence not just your silly parroting

Right... thats why the government just did an emergency about-face, first saying in September that no bailout is needed, then saying we need to give 25 Billion, then 50 Billion. Then saying "it's not a bailout" bwahaha

The CMHC is no different from a bank... they work on the principle that as long as not everybody needs to draw money, they can continue to run their business. They are just a crown corporation which means when they go belly-up it, will be the government who picks up the tab. Why not just have the government issue the loans... what role does the bank serve to homoeowners other than just another layer of beaurocracy and siphoning money from peoples accounts. They have outlived their usefulness. The government could guarantee credit to all homeonwers at the best possible rate. Getting back to the first point I raised, this is not about mortgages, its only a deception. This is about investments getting derailed and government finding a way to move the money around. They used Canada's credit rating to protect the banks, not homeowners. Mon Nov 17 2008 TORONTO - The Canadian mutual fund industry suffered its worst month ever in October with $8.4 billion in net redemptions, and total industry assets ended the month 19.5 per cent below their year-ago level. Last month's cash-out deepened the investment fund industry's September slump of $4.5 billion in net redemptions, which was the previous worst month on record. The $8.4-billion October catastrophe compared with net sales of $2.4 billion in October of last year, according to figures released Monday by the Investment Funds Institute of Canada. The mutual fund sector has been battered by the stock market plunge, which has seen share prices on the TSX drop by more than 40 per cent since a record high above 15,000 in June. The industry trade group said total assets of $571.3 billion at the end of October were down by $62.3 billion or 9.8 per cent from September. http://ca.news.yahoo.com/s/capress/081117/...ss/mutual_funds

The absolute worst choice would be Boob Rae. He acted like a complete imbecile yesterday when he showed up at the Liberal forum with his entourage, and then left. Sad attempt at a publicity stunt.

Good lord... "Until they get their own helicopters next year, Canadian troops in Afghanistan will have access to six civilian choppers to lessen the risk of coming under insurgent attack while moving along the country's notoriously dangerous roads. The Mi-8 helicopters are being contracted from Toronto-based Sky Link as a stopgap measure. The first flight of the aircraft took place at Kandahar Airfield on Monday." http://www.ctv.ca/servlet/ArticleNews/stor...81117?hub=World Not helicopter warfare, it's helicopter "welfare". I just hope the Americans don't shoot them down.

Yeah not only deciding what is news, but what to THINK about the news, like this story of how the government bailout of Canadian banks is a good thing. Oops not sposed to use that word around here, "bailout".

Yeah he should be renamed M. Lurker.

You obviously have no concept of cause and effect. Look 6 months to the future, the hausing market will collapse.

When will you learn to write more then one sentance, let alone one that is any good?

mortgages... think mortgages

Thank you

Right, my point exactly, at 18%! It is german!

Do not listen to the Harperite mouthpieces here, thats not what this is about... the banks are not low on cash because of too many morganges, its because they made bad invsetments in the US markets and they are under criminul investigation and may be forced too pay back billions. the banks cannot loan out money unless they have a certan amount of real capital to back it up. What they have done is too made too many speculative investments. They don't want to lona money to consumers because the interest rates are too low, but they can't continue loaning to speculators. So what the government did is offload they're mortgages, freeing the banks too make more insestments on speculative loans. - There is no law saying they have to lon any money too small businesses and consumers, no guarantee they would even do that! All this does give them freedom to spread more wealt too their investment! Second problem is the housing market became so hot, the prices are inflated and will sone fall. people are in not buying homes at these rediculus prices, as MLS reported harper already knows. Prices have started dropped in the past few months BC, they have fallen 10% in October alone. If there was any money to be made you think you would they give it way? Thats why the banks want out of real estate\

From CBC article: "Lt.-Gen. David Richards, was put in charge of the NATO forces in southern Afghanistan. He announced the deployment of 8,000 NATO soldiers - including 2,200 Canadians - and Afghan units to six southern provinces by mid-September 2006. That deployment was increased to 2,500 in early September." Sounds to me like this was the major step in combat operations. What I've been saying for the past 3 posts now is, we can blame previous governments all we want, but the government we have now is not doing anything either, despite the fact that they have the power and money to do so. As a soldier I fail to see why you would argue to defend the current situation. I certainly don't. Nor will I defend Liberals but to say, hindsight always has 20/20 vision. We must deal with things here and now. Seems to me this government likes to talk tough but they won't put the money where their mouth is.

You entirely miss the point of what I say is going on here. Go back and read some more

No, I'm blaming them for not doing anything now. They have not provided adequate resources for the new dangerous mission. and they have had time to do so. But it seems they have the money to bail out banks, even before theres a perceived problem. Same old same old

I think Leblanc is the right choice for the future of the Liberal party. He fits the criteria I outlined before- younger, charismatic, some experience and not a tarnished past. Ignatieff is a bobble-head ala Dion. He didn't help Dion by laughing at all the CPC jokes. Ray is just a blood sucker.

Nov. 13 2008 (Bloomberg) -- The U.S. government's $700 billion Troubled Asset Relief Program is a sugar boost that won't solve the financial industry's problems, Toronto-Dominion Bank Chief Executive Officer Edmund Clark said. In three years, the U.S. will "have discovered the government didn't socialize losses, it just allowed the institution to have a longer life, hoping that things would get better.'' Canada's second-biggest bank, which operates more than 1,100 branches in the U.S., isn't eligible for the aid program because it's a foreign-based lender. Clark said the bailouts may only buy time for troubled U.S. banks. "Toronto-Dominion is the only large Canadian bank to have avoided debt writedowns in the financial crisis after shedding a structured products business in 2005, which included collateralized debt obligations." http://www.bloomberg.com/apps/news?pid=206...mp;refer=canada This article has some serious implications for the financial future!

Looks like these banks have problems too- Published September 22, 2008 "Dundee Securities suggested long-term investors should stick to those banks with strong domestic franchises. But it remains negative on Bank of Montreal and CIBC, and warns that Scotia is vulnerable to the U.S. economy through its operations in Mexico, Latin America and Asia." Link

And here's another clue to the real problem- U.S. regulators plan action against Royal Bank of Canada September 25, 2008 U.S. federal enforcement officials are turning their sights to the Royal Bank of Canada as they crack down on financial institutions amid mounting public anger over a plan to bail out banks exposed to the credit crisis at the expense of taxpayers, according to officials. The regulator is actively pursuing a case against RBC after previous investigations found firms dealing in auction-rate securities misled customers into believing the financial products were safe and highly liquid investments comparable to cash deposits, according to an enforcement officer. An RBC executive said the bank was working with regulators, and indicated management at the bank's capital markets operations expected to reach a comprehensive settlement with U.S. authorities. The bank faces an estimated payout of $1 billion based on precedent-setting agreements negotiated with other U.S. and international institutions by state and federal authorities to buy back securities held by individual customers, charities and small businesses, and to reimburse those clients for damages. RBC is also the target of a class-action law suit from customers of the bank alleging there was mis-selling of the securities pursuant to "top down management directives", according to a filing submitted to in a U.S. District Court by law-firm Girard Gibbs. The filing and the wider probe by federal authorities is also investigating the extent to which dealers continued to market auction rate securities as liquid investments even after it became clear the system for maintaining cash flows could collapse. http://www.canada.com/topics/news/story.ht...1c-579768e771bb

Because they know what's comin- Sept. 24 2008 "Canadians should prepare for a drop in average home prices of between 15% and 40%, depending on the market" says Turner. Turner also points out prices in some markets, such as Calgary and Edmonton, have already plunged by more than $40,000, while the number of homeowners trying to unload their properties has soared. “Today’s report by Merrill Lynch economists David Wolf and Carolyn Kwan is just further tangible evidence,” Turner says. “Canadians have taken on a personal debt load which is simply unsustainable, and has been encouraged by government policies in this country no better than those which allowed the subprime mess and the credit crisis in the States to develop.” http://www.garth.ca/weblog/2008/09/24/media-release-14/ --- Canadian banks are trying to convince consumers to lock in their mortgage rates because more than 20% of the home loans they have negotiated have become unprofitable, according to industry sources. Last week, the Bank of Canada lowered interest rates by 50 basis points only to see the major banks cut their prime lending rate by half that amount. Joan Dal Bianco, vice-president of real estate-secured lending with Toronto-Dominion Bank, said the banks were reluctant to pass on the full 50-point rate cut because they were losing money on variable-rate products. "At the prime minus rates we were basically earning zero or negative. We kept holding off [cutting the discount]," said Ms. Dal Bianco, adding that in the past year 50% of her bank's new mortgages were variable-rate products. With a cost of funds generally above 4% because of the lack of liquidity in the market, the mortgages previously negotiated ended up below water after the latest rate cut. http://www.nationalpost.com/news/story.html?id=879937 --- Yeah last week some of you guys trying to call me stupid, saying I don't know what I'm talking about... what interest rates didn't get cut you said. Because they can't go any lower, they are losing money...