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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: a.handbag. who wrote (9789)9/26/2005 2:43:13 PM
From: Goldberry  Read Replies (2) of 11633
 
Goodale made a knee jerk reaction by cancelling tax clearance and wiped Billions off the value of trusts effecting thousands of persons looking to this sector for income.

Surely it would have been better to call in the big boys (Bank/brokerage heads) and use some quiet moral suasion. This is what used to be done by good Government and it was quite effective at getting the Banks and investment community to react without disturbing the markets. Have your committees study the matter quietly and then after rational investigation publish a decision as to what you intend to do.

Judging by the short interest which materialized in Yellow Pages trust and others prior to Goodales announcement he or others in his department also possibly provided some advance info on his thoughts. I sure wish this country had a viable alternative to this present bunch of Liberals who have wasted and absconded with billions of our dollars.
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