- Aug 6, 2012
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This is how secretive, untrustworthy, unaccountable back stabbing governments work. Canadian feds use taxpayer money and give a loan that they quietly write off, never expecting to get the money back, and they won't even tell the nation which company it was! A la, the old USSR.
You can be sure this was GM or some other U.S auto manufacturer. We are buying your jobs, massive subsidies unmatched, especially for our relatively small economy (compared to the U.S).
Just one major reason why you have lost 100's of thousands of jobs in Ohio and Michigan, Corporate welfare, with plenty of government Canadian operatives reaping benefit within the company. Do you think your Intellectual Property is safe in such a centralized system?
Federal government quietly writes off loan — but won't reveal sum or say who got it
Finance Canada won't provide any details of loan write-off | CBC News
The Liberal government appears to have written off a taxpayer loan to the auto industry in March, but is refusing to say how much the loan was for or to provide any other details.
Ottawa has been carrying large, stagnant loans to the auto sector on its books, and repayments have been past due since at least 2010. That was the year that followed a federal bailout of GM and Chrysler that was made in co-ordination with a much larger cash injection by Washington.
The most-recent public valuation of commercial loans that remain in arrears shows a total of $1.15 billion still owed to the federal government as of March 2017.
You can be sure this was GM or some other U.S auto manufacturer. We are buying your jobs, massive subsidies unmatched, especially for our relatively small economy (compared to the U.S).
Just one major reason why you have lost 100's of thousands of jobs in Ohio and Michigan, Corporate welfare, with plenty of government Canadian operatives reaping benefit within the company. Do you think your Intellectual Property is safe in such a centralized system?
Federal government quietly writes off loan — but won't reveal sum or say who got it
Finance Canada won't provide any details of loan write-off | CBC News
The Liberal government appears to have written off a taxpayer loan to the auto industry in March, but is refusing to say how much the loan was for or to provide any other details.
Ottawa has been carrying large, stagnant loans to the auto sector on its books, and repayments have been past due since at least 2010. That was the year that followed a federal bailout of GM and Chrysler that was made in co-ordination with a much larger cash injection by Washington.
The most-recent public valuation of commercial loans that remain in arrears shows a total of $1.15 billion still owed to the federal government as of March 2017.