Friday, February 02, 2007

Trust Threat

Receiving death threats is one of the occupational hazards of being a prominent politician. Almost all of them come from crackpots armed with nothing more deadly than their big mouths. But there's no telling which one of them will back their words up:

While the governor of the Bank of Canada said Thursday the Tory government's decision on changing the tax system for income trusts was the right move to make, Global National has learned that the politician who made the announcement has now been issued a protective detail after receiving death threats.

Finance Minister Jim Flaherty, who made the income trust announcement on Oct. 31, 2006, has now been assigned a protective detail to provide personal security, but the government is providing little other information into Flaherty's new arrangements, and refuses to provide specifics as to when the MP began receiving the threats.

As a result of the new tax structure, individual investors are said to have lost over $20 billion, the largest ever financial loss attributed to a change in government policy.

No doubt some people had their retirement plans shattered because they put all their eggs in the income trust basket and are casting about for someone else to blame.

Their threats to kill Flaherty probably amount to little more than venting anger.

But that would be cold comfort if something did happen.

Source: Calgary Herald

1 comment:

Alberta Girl said...

The first rule of investing is "don't put all your eggs in one basket"

The second - don't sell at the first sign of a downturn!!!!!

Who were the investment advisors these idiots getting their advice from - that's who they should be threatening.

If they were doing it themselves - well the thing about finger pointing is that four are pointed back at yourself.

Oh and for all you still screaming about how much you lost - take a look at where the investments are today.

If you are still in - well quit screaming.

If you sold - well - see my first points.