@andrew_leach @stephenfgordon Everyone seems to agree that we shouldn’t have bought the bank, lol, or not provided support.
@andrew_leach @stephenfgordon Agreed. I think this report does contribute to public discourse in a positive way.
@stephenfgordon Interesting. I’m not convinced by anything I’ve heard or read by you so far. But I’m willing to have my mind changed.
@pinnyrat @stephenfgordon I don’t see that there’s anything wrong with folks scrutinizing banks and governments and their relationship.
@stephenfgordon that was also the case with General Motors in the US. Not to conflate solvency bailout with liquidity bailout. :)
True. @stephenfgordon: Pretty sure a significant portion of those who have heard about this think the govt secretly gave banks $114b.
@stephenfgordon if I’m not in the business of doing it, and I’m doing it so your clients don’t lose their mortgages, it’s support.
Wait. Liquidity support might actually be a bailout when your business model is borrowing and lending. #cdnpoli
@stephenfgordon I found definitions that included liquidity, esp. when borrowing is a central part of the business model.
@oliveridley @stephenfgordon I agree – it seems like the banks, and their many clients, needed the support.