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GenX
04-10-2008, 05:39 PM
"The breakdown in the $32-billion asset backed commercial paper system amounted to criminal fraud that no-one in Canada appears prepared to investigate or prosecute, a House of Commons committee was told Thursday.

"It's a free ride in Canada for financial crime," said Larry Elford, a former Alberta financial adviser who now heads an investment advocacy group.

"The law simply does not apply to the financial industry."

In the first public hearing on the financial markets crisis that unfolded from the U.S. subprime meltdown last summer, the House finance committee heard horror stories from three independent investors unwittingly caught up in the secretive, arcane world of high finance."

LINK (http://canadianpress.google.com/article/ALeqM5gVdvq5jdAXxTys8v6qN9yIql2pQg)

Huggy85
04-10-2008, 05:50 PM
Hopefully those Canadian institutions that felt they could trust the American banking systems mortgage instruments enough to call them good investments have learned their lesson. Nothing more than Junk Bonds.

"Caveat Emptor"

GenX
04-10-2008, 05:51 PM
There were predatory institutions out there, no doubt.

The fact so many Canadian institutions fell for such predatory practices speaks to your incomprehensible mediocrity, and seeming inability to do anything on your own.

Huggy85
04-10-2008, 05:54 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">There were predatory institutions out there, no doubt.

The fact so many Canadian institutions fell for such predatory practices speaks to your incomprehensible mediocrity, and seeming inability to do anything on your own. </div></div>

Nope. Their mistake was being too trusting of Americans. A common mistake that many have made but many are learning from these days.

GenX
04-10-2008, 05:59 PM
Many, many people trust Americans, and are the better for it.

However, there are bad Americans, predatory ones; and strangely, it's mostly Canadians that fall for such people.

Probably because they remind them so much of themselves.

GenX
04-10-2008, 06:00 PM
There is a reason we are able to make the Shuttle, and you're only able to make the Shuttle arm.

In short, we're better than you.

G'night! I'm gonna' go watch some hockey!! /ubbthreads/images/%%GRAEMLIN_URL%%/wavey.gif

Huggy85
04-10-2008, 06:03 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">Many, many people trust Americans, and are the better for it.

However, there are bad Americans, predatory ones; and strangely, it's mostly Canadians that fall for such people.

Probably because they remind them so much of themselves. </div></div>

That's funny!

Huggy85
04-10-2008, 06:04 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">There is a reason we are able to make the Shuttle, and you're only able to make the Shuttle arm.

In short, we're better than you.

G'night! I'm gonna' go watch some hockey!! /ubbthreads/images/%%GRAEMLIN_URL%%/wavey.gif

</div></div>

Hey dummy, wasn't this meant for the other thread?

Westender 3
04-10-2008, 06:34 PM
"In short, we're better than you"

http://img.photobucket.com/albums/v305/buzzolasoo/moransign.jpg

starterwiz
04-10-2008, 06:49 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">There is a reason we are able to make the Shuttle, and you're only able to make the Shuttle arm.

In short, we're better than you.

G'night! I'm gonna' go watch some hockey!! /ubbthreads/images/%%GRAEMLIN_URL%%/wavey.gif

</div></div>

Gonna watch a bunch of Canadians chase a puck with sticks....yep, Speedy loves everything about us.

Barry Morris
04-10-2008, 07:03 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">Many, many people trust Americans..
</div></div>

Bin Laden did too.

Wrangler35
04-10-2008, 07:53 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Barry Morris</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">Many, many people trust Americans..
</div></div>

Bin Laden did too. </div></div>

Bin is Dead! LOL. did trust..spot on Barry!