Thursday, February 5, 2015

IT'S ONLY A $4 BILLION LOSS

Desperate for funds, Ontario sells remaining GM shares acquired from bailout.

4 comments:

  1. Don't worry, the loss can be written off against future tax revenue......Ontario math.

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  2. Oh Boy! With the 1.1 billion jingling in Wynne's handbag we should be able to afford to pay other states and provinces to take excess electricity for another month to 6 weeks. Forward! over the fiscal cliff.

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    Replies
    1. If she keeps doing this dumb stuff she better watch it or she will get re-elected for sure.

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  3. Hopefully, when this GM stock is dumped on the market, the Feds can do their duty to boost share value (thus preserving the value of the 73.4M shares they already own) by buying up the shares sold by Ontario. Maybe even tip off the market about this play ahead of time. Then, the bank of Canada can create some new money to buy some bonds from the feds. That way nobody loses. You see? The BoC can make the losses disappear, and the feds still hold all of this valuable stock to counterbalance the bond debentures! Sweet.

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