AIMCO is not arm's
length from the government. Under the
last Conservative Government, Jim Prentice, they stole 7 million dollars from
the Government pension funds, then, denied doing so for 6 weeks. At that point the union threatened to take AIMCO to court and the Government
capitulated and put the money back into the pensions. The loss of AIMCO was explained as poor
performance in the market, just like the present loss of 2.1 billion dollars.
Kenny made the moves
of building a pipeline to North Dakota, going nowhere, not targeting any market then,
it was cancelled by US Republican intervention.
It is my opinion,
Kenny lifted the 2.1 billion dollars from AIMCO and dropped it into general revenues. If we had a securities commission that was
worth anything, this could be verified. Another good reason to give the Federal Securities authority in Alberta.
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