Quote:
Originally Posted by Corral
Why are dubious transfers a different discussion? These transfers were approved on the back of the house of cards which is known as the OWA and the AER liability ratio scheme.
And nice one with reference to the 235 million‘investment’. Otherwise known as a taxpayer loan to industry that won’t be repaid.
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I meant the dubious transfers are something that needs to be discussed. That is something that absolutely needs to be looked at and things are on the move.
You obviously haven’t actually determined what the loan was. The feds gave 30 million. The Alberta government (NDP at the time) instead took that 30 million and used it to take 235 million to give to them over 10 years. So the 30 million from the feds is being used to pay the interest of the 235 million loan. All of which is being paid back with 30 million a year from the levy.