At the end of this Fiasco the Alberta Conservatives, still claiming arms Length from AIMCo, announced the program had cost Alberta taxpayers 6 billion dollars!
At the same time, AIMCo declared a 7 billion dollar loss (10% of their portfolio) while other companies in the same industry were claiming 3% profits! Now it is apparent that 9 billions of dollars evaporated from the AIMCo accounts.
Knowing now that the shortfall was 7.4 from the pensions we have to remember the Heritage Savings an Trust fund (already tapped for over 700 billion dollars) is still in their control and will be at least 3 billion short from their "expectations". This money was stolen! It is thievery there is no other description for it and it makes AIMCo the biggest risk on the market place!.
The R.C.M.P. cannot investigate the provincial government unless they first get permission to do so from the Attorney General a position that Redford filled for a number of years.
The article published by the Stony Plain Reporter does not allow for any comments as a condition of publishing put on by the Government. They started off saying the 7 billion was lost though bad investments and when they were busted by Alberta the Details they changed their tune to Pension Shortfalls.
Now, they are using this same thievery and cover up to do a hatchet job on provincial pensions!
A nice case of a good red wine would be appropriate way of saying thanks John.
Following is the copy from the Stony Plain News: