Wednesday, February 18, 2009

Crown Assets to go at fire sale prices

This financial disaster we are working through is a Godsend to the ruling Conservatives. No bad days for these boys! Sell off crown assets below bargain basement prices all in the name of creating financial diversity. Sell them to insiders who are looking for safe haven for their money in these troubled times.

In the conservative mind any building or chattel owned by the government is a direct rip off from private industry. It ‘s the Conservative sworn duty to set this abolition right.
In the Conservative plan "selling an asset to a private-sector entity may generate more economic activity and deliver greater value to taxpayers." Is all they need to cut and slash this country to nothing.

As the game unfolds it could lead to the sale or privatization of several well-known Crown corporations, including Canada Post, Via Rail, the Royal Canadian Mint and the agency that oversees security at Canada's airports Finance, Indian and Northern Affairs, Natural Resources and Transport and Infrastructure. Not to mention the Canada Pension Fund.

Some of the Crown corporations that fall under the authority of those departments have been known to be on the block for some time, such as Atomic Energy of Canada Ltd more because the Conservatives find them troublesome than any intrinsic value they may hold.
Crown corporations under the authority of departments under review:
- Bank of Canada
- Canada Deposit Insurance Corp.
- Canada Development Investment Corp.
- Canada Pension Plan Investment Board
- PPP Canada Inc.*
Indian and Northern Affairs
- First Nations Statistical Institute**
Natural Resources
- Atomic Energy of Canada Ltd.
- Cape Breton Development Corp.
- Atlantic Pilotage Authority
- Blue Water Bridge Authority
- Canada Lands Company Ltd.
- Canada Post Corp.
- Canadian Air Transport Security Authority
- The Federal Bridge Corporation Ltd.
- Great Lakes Pilotage Authority
- Laurentian Pilotage Authority
- Marine Atlantic Inc.
- National Capital Commission
- Old Port of Montreal Corporation Inc.*
- Pacific Pilotage Authority
- Parc Downsview Park Inc.*
- Ridley Terminals Inc.
- Royal Canadian Mint
- Via Rail Canada Inc.
Source: Annual report to Parliament on Crown corporations.
*Wholly owned subsidiaries of Canada Lands.
** Non-operational as of July 31, 2008.
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