tag:blogger.com,1999:blog-38400867.post1252559445021128124..comments2023-11-03T06:35:51.679-07:00Comments on Darryl Raymaker: KLEIN INSIDERS SAY ALBERTA TORIES CONTINUE STAMPEDE TOWARDS WILDROSE ALLIANCEDarryl Raymakerhttp://www.blogger.com/profile/02905569596318855617noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-38400867.post-63000389425511277362010-04-30T21:23:51.592-07:002010-04-30T21:23:51.592-07:00Keep up the good writing, here is another one that...Keep up the good writing, here is another one that might interest you........<br /><br />What do these institutions have in common?<br />Goldman Sachs. The Catholic Church. Alberta Finance.<br /><br />They each have proven that they will “protect their own interests” before protecting the public.<br /><br />I have now heard from Alberta Finance Minister Ted Morton. He will not answer questions on the practice of letting investment firms violate our laws. It is strange to see a public servant stand on the side of financially abusive practices and secrecy.<br /><br />Despite $32 billion missing from the Canadian economy using legal tricks. (ABCP toxic investments) Despite mutual fund companies which put billions into their own pockets at the expense of the public. Despite several investor suicides, by people who have been damaged by illegal investments “approved” by our securities commissioners.<br /><br />Provincial securities commissions have done thousands of back-room deals without notice to the public. Deals that give investment sellers “permission” to ignore our laws that protect investors. Strange to think that this is how our securities commissioners get paid. Can you imagine a police force that got paid by selling permission slips to skirt the law?<br /><br />The finance minister refuses to answer. This speaks volumes about what he is hiding. Or who he is taking his “advice” from. I suspect he gets his advice from persons earning $500,000 salaries at the Securities Commission. The Ontario Legislature recently chastised it's securities commission for failing to protect the public interest. Alberta Finance is years behind in protecting the public. But they are fine at protecting themselves.<br /><br />The questions are:<br /><br />“What public interest is served by giving investment firms permission to sell products that do not meet our laws?”<br /><br />“If there is a legitimate public interest, then why are the deals done in secret, without notice to consumers of the investments, and without public disclosure?”<br /><br />If there are legitimate reasons then the questions are easy. If there is something to hide, then they become more difficult. Mr. Morton, why are you hiding?<br /><br />With no explanation, I conclude that our investment industry is getting away with the financial murder of our economy. Some prefer to call it financial rape. I call it legalized financial abuse and it is in the order of billions. They are riding on a perfect wave of self regulation, corruption, connections and cronyism. Mr. Finance Minister, what are you gaining by supporting these practices?<br /><br />For Alberta Finance to hide this is a breach of public trust. Write a note and see if they can answer. Then write me a note and myself and Citizens For Better Governance will track the answers. lelford@shaw.ca <br />Larry Elford (former CFP, CIM, FCSI, Associate Portfolio Manager, retired)<br /><br />Founder of www.investoradvocates.caLarry Elford, Visual Investigationshttps://www.blogger.com/profile/06146246816690032536noreply@blogger.comtag:blogger.com,1999:blog-38400867.post-61522453929344458852010-02-22T14:36:11.142-08:002010-02-22T14:36:11.142-08:00Mike
By no means is it going to be a romp for the...Mike<br /><br />By no means is it going to be a romp for the femme fatale. But the Tories have got to be dramatically weakened with that kind of talk going around from long-term Tories who have been the back bone of the party for so long.<br /><br />There never was any 'progressive' aspect to the Klein Tories, and they kept power for 13 years. So the 'progressive ' thing does not seem to be necessary anymore.<br /><br />As far as successors to Fast Eddie, well, tell me who. I wanna know.Darryl Raymakerhttps://www.blogger.com/profile/02905569596318855617noreply@blogger.comtag:blogger.com,1999:blog-38400867.post-71559295083616608532010-02-22T14:06:46.792-08:002010-02-22T14:06:46.792-08:00Thanks for the report and observations Darryl.
A ...Thanks for the report and observations Darryl.<br /><br />A completely trivial note ... perhaps?<br /><br />Notice how those colours suit Ms. Smith?<br /><br />If the Alberta PC's are indeed a spent force with no leadership alternatives to choose from, and I am not so sure about the latter and if that's true then the PC's force might well be revitalized, then the WRAP and Smith will face an interesting prospect.<br /><br />I am certain the Progressive aspect to the PC's is what Albertans supported in numbers to give them their electoral wins. Given that's the case, and the fact that the WRAP are playing with a platform short of nearly all its required planks, to create a winning platform with "big tent" appeal, I think Ms. Smith is going to have to get used wearing a lot more of that becoming hue.<br />MikeMikehttps://www.blogger.com/profile/03541539377921380976noreply@blogger.com