Apparently, two ex CEOs, Charles Prince at Citigroup and Stanley O'Neal of Merill Lynch will receive multi-million dollar retirement packages even though they were fired for bringing billions of dollars of losses to their financial insitutions.
It boogles the mind when CEOs are rewarded for failure. In a 3rd world country, they would probably be executed.
There is very little subprime financing in Canada. We don't have much to do with these questionable risky products. TD Canada Trust shunned them completely.
Below is a video by Hillary Clinton on subprime mortgages and trailer homes, etc. Perhaps, this is just another reason to create a United States of Canada.
Posted by qualteam
at 9:37 PM EST
Updated: Sunday, 2 December 2007 10:01 PM EST
St Johns