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Old 03-18-2025, 11:25 PM   #22178
curves2000
First Line Centre
 
Join Date: Dec 2013
Location: Calgary, Canada
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Carney's assets shouldn't be that big of an issue but he's thinking like a former investment banker on the buy/sell side where there is suppose to not be a conflict.

He is in politics now and it's a different scenario. He is probably without a doubt, stupidly wealthy by politician standards. That isn't an issue and good on him, the level of work and pressure working at Goldman, BOC, BOE and other investment firms is immense.

What I suspect part of the issue is may be more hypocritical investments vs personal policies and policies he may want to govern on. Heavy energy investments, green energy investments, private placement for specific firms in North America etc.

A huge portion of Canadian's didn't know who he was a few weeks ago and I would wager a lot of people may not even know we have a new PM. His rise to power is different. I don't begrudge the guy at all, good on him for all his success. There may or may not be conflicts but I don't think a traditional approach is warranted here. This isn't about a few hundred shares of RBC Bank and holding some Canadian Tire stock in his TFSA (which he helped create by the way)

I suspect he will be reluctantly forced to disclose a lot more. This will be a story that his team will want to try and get out of the way quickly. People may disagree but the truth is, as a former banker myself, people hate bankers. A joke I heard once is if you ask 100 people what their thoughts are, 102 will tell you that they hate them.
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