2026-09-18 18:42 UTC
@avilewis@mstdn.ca Considering Carney all but confirmed it would be CDPQ and Ontario Teachers who would invest in is airport sell off, I have to wonder why they would pay Bloomberg for this.
Replies (1)
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@johnefrancis@cosocial.ca 2026-09-18 18:49
@jfmezei@cosocial.ca @avilewis@mstdn.ca it's just Bloomberg's story. CIBC seems reasonable. Not so much with Morgan Stanley. But that's what distinguishes capitalism from say entrepreneurialism or mercantilism...capital is always getting in there scraping a few points pretending to move someone else's money around. It's estimated that 30% of resources are consumed in the convolutions of the financial system, which is shuffling govt-created money and loan guarantees between the govt and the ultimate recipients.