'Banking, smoke and mirrors'

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'Banking, smoke and mirrors'


'That $57,000 Muskoka "lake" in the $1.9 million "Experience Canada" media centre isn't all that's fake about Canada's image as host country for the G8 and G20 summits.

'The real charade is Canada's preaching to the world about the strengths of Canada's banking system -- and using that "strength" to lead the opposition to an international bank tax -- while giving Canada's banks a massive bailout.

'The financial media have virtually ignored Ottawa's $200-billion low-interest line of credit to help Canada's banks weather the recession and the Canada Mortgage and Housing Corp.'s $125-billion purchase of questionable mortgages and other rotten paper held by the banks when the crash came in the fall of 2008 ... '

Boom Boom Boom Boom's picture

Thanks for the link, I posted it on my FB page.