Yesterday, Mark Carney, the Governor of the Bank of Canada strongly endorsed the U.S. government's $700-billion bailout plan for Wall Street’s troubled financial institutions as "critically important" to bringing the crisis under control.
Carney is a veteran of the U.S investment banking business, after spending 13 years employed at Goldman Sachs, with several of them on Wall Street in a variety of roles including managing director of investment banking.
And while Carney was leapfrogging up the corporate ladder at Goldman Sachs, Henry Paulson the current U.S Treasury Secretary and the man spearheading the U.S government bailout was a high-flying colleague.
Paulson eventually became Chairman and Chief Executive Officer at Goldman Sachs.
— Chris Goldrick
- The "Welcome to the Cheque Republic" buttons were popular at last weekend's Parliamentary Press Gallery Dinner. And now there's a website. Today, the Liberals launched www.chequerepublic.ca. It seems the oversized novelty cheque story has had an entirely unanticipated stimulus effect --... Continue reading this post
- Just a Small Detail
- What a curious omission. Yesterday, CBC contacted the office of Natural Resources Minister Lisa Raitt to ask about the lobbyist who helped organize a fundraiser on her behalf on Sept. 24. Michael B. McSweeney is vice-president of the Cement Association... Continue reading this post