[Newsbot]

Title: No bailout package needed for Canada's banks: Harper
Category: Business
Posted By: Hyack
Date: 2008-09-19 08:52:54
Canadian

[robmik43]

Last line :"Bloc Leader Gilles Duceppe will be in Rimouski, Rivière-Du-Loup and Montmagny, all in Quebec."
Thank God for the CBC...like where else
would Duceppe campaign except Quebec ?

[djakeydd]

I hear harper gonna bail out the u.s. banks with our $$ plus provide some additional funds so the u.s. can find obl in Afghanistan to the tune of another 22 bill. Ahhhh - who needs infrastructure, medical care or schools. Bought right dont ya all figure

http://www.marketoracle.co.uk/Article6337.html

Not for the faint of heart

[ridenrain]

Canada's banks will need a bail out if Jihad Jack gets at them.

[Zipperfish]

Yeah Bush showed his socialist colours once again. Corporate welfare. Take from the poor, give to teh rich.

Clearly this economic meltdown is yet another symptom of global warming.

[Reverend Blair]

If Bush wanted to bail somebody out, why not give the money to the people losing their houses?

[commanderkai]

Reverend Blair Reverend Blair:

If Bush wanted to bail somebody out, why not give the money to the people losing their houses?

I believe that's happening too.

Edit: Here

http://realtytimes.com/rtpages/20070420 ... prompt.htm

Guess who's money they're using? The same money the Bush administration, along with Democratic Congress, gave them.

[EyeBrock]

Yea, I see that they are encouraging US banks not to repossess. Instead they are being told to restructure the loans to make them more affordable. Makes economic sense.

[Reverend Blair]

It would make more sense if they never would have gotten into this mess by deregulating everything. Funny how when the capitalists mess up they revert to socialism though.

[Toro]

Wall Street, the Bush administration and the Fed are doing more to promote socialism than the socialists ever could.

Haven't looked at the Canadian banks' balance sheets lately so I don't know if Harper's pronouncement is correct. The Canadians are probably okay but we'll see when Canadian real estate drops 20%.

[EyeBrock]

Reverend Blair Reverend Blair:

It would make more sense if they never would have gotten into this mess by deregulating everything. Funny how when the capitalists mess up they revert to socialism though.

Agreed. The US regulators seem to have been asleep at the switch to let all this happen.

[Reverend Blair]

See, it would make sense for Canada to learn from their mistakes and put the NDP into power.

At the very least though, we shouldn't be putting a Prime Minister back in power who is pushing the same deregulate, privatize, and let the markets do as they will ideology that got the US into this mess in the first place.

[robmik43]

Reverend Blair Reverend Blair:

See, it would make sense for Canada to learn from their mistakes and put the NDP into power....

Wishing won't make it so.
Neither will your vote.
Thank God in both cases.