Quote:
Originally Posted by Delgar
This is a distinction without any real difference. This is public money, in a province supposedly led by Adam Smith-inspired fiscal conservatives, used to invest in a (formerly) private company, a big established player in oil and gas services.
What's next? "Air Alberta"? "Petro-Wild Rose"? "Alberta Broadcasting Corporation"?
Stelmach can't hide behind "I didn't know". That's not leadership, that's chickensh|t.
These aren't Conservatives. They just have the name.
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So all of that pension money and public money has to sit in a bank account then? You couldn't even really take interest off the money either because someone might complain that you lent the cash to entity A and not entity B.
I see the point that you're driving at here, I just think that you have to put the money to work somewhere. As long as there is no impropriety with the stake in PD (or any of the investments that they are making) I don't see an issue. This is far from a bailout. Its an investment management firm buying a stake in the country's largest corporation of its kind...and they are holding a mere 15% of that corporation.