Tuesday, December 06, 2005

Trouble, with a Capital T, and that Stands for Trusts!

CTV has more about the possible income trust leak on their nightly news tonight. I think it's safe to say this has the potential to be anywhere from bad to a guaranteed government sinker for the Liberals.

The real question is what kind of timeline the RCMP has for this investigation, and if we can expect to learn anything else (one way or the other) between now and the end of the campaign. It might almost be better for the Grits to have this resolved because, while I find it exceedingly difficult to believe someone in Ralph Goodale's office leaked this, the rumours and accusations are going to continue to grow.


  • Ralph Goodale will come away from this completely vindicated. He is a man of upmost integrity, and as such will be vindicated. I strongly caution the opposition parties from using this as fodder, as they will be the ones who will end up with egg on their face, as Minister Goodale will be exonerated.

    By Anonymous Anonymous, at 11:44 PM  

  • The issue is how quickly the Liberals can get Gomery to write another whitewash paper exonerating Goodale...

    Same old, same old.

    By Anonymous Anonymous, at 11:49 PM  

  • I have no doubt that Ralph Goodale is a man of utmost integrity. However, The Liberals will not be able to dismiss this so easily if it can be demonstrated that someone in his office felt "entitled" to provide a little investment advice to his/her friends.

    By Anonymous Two Cents, at 11:52 PM  

  • Thanks for your analysis of Goodale Jason,

    By Anonymous Anonymous, at 12:25 AM  

  • I don't think it would be Ralph Goodale who would be behind this if it were indeed a leak. I tend to think it would likely be some sleazy Scott Reid equivalent on his staff.

    By Blogger Chris, at 12:43 AM  

  • let me be very clear, this is our top priority to clear this up because our priority is to be clear on our integrity to the canadian public. being very, very clear on highest priority issues like this is clearly of clear importance to the very, very clear canadian public


    you wonder why people say that Libranos are all crooks. look at the graphs of trading volume and price, look at announcements in those stocks and trusts. you will see that there is no explanation, but for insider trading stemming from the announcement.

    is it possible that nothing illegal happened? sure, depending on when the press announcement went out to media, or to internal service people. it'll be a stretch, but it may have been a non-criminal leak on the part of finance. trades are still criminal, but finance might not be involved. likeliest explanation is that the finance staff did it, but they may be able to exonerate themselves. they definitely have the burden of proof on this though.

    By Anonymous hey, at 12:48 AM  

  • "Goodale also stressed not a single investigator from either the RCMP or the Ontario Securities Commission has contacted him or anyone in his office to ask any questions."


    By Blogger Dan McKenzie, at 12:52 AM  

  • Goodale would have a lot more credibility if, given the evidence, he at least seemed concerned that someone in his department might have been tongue wagging. But all he does is issue denial after denial.

    He doth protest too much.

    But does it even matter? Seriously, is there any malfeasance that the Liberals can commit which will ever stick?

    By Anonymous john g, at 12:58 AM  

  • It's like it's 1965 all over again. Pinch Me!

    By Anonymous herringchoker, at 1:15 AM  

  • "Ralph Goodale will come away from this completely vindicated. He is a man of upmost integrity, and as such will be vindicated."

    Umm, but he IS a Liberal, is he not? Isn't Liberal synonamous with "crook"?
    An honest Liberal is an oxymoron.

    Horny Toad

    By Anonymous Anonymous, at 1:28 AM  

  • I think Ralph Goodale himself is probably innocent, what would he have to gain in leaking this information to the Street?

    It's someone in his staff thats to blame, and Goodale's cavalier attitude to this all is really starting to annoy me. CLEARLY, something illegal was happening, all we need to do is load up a graph of a couple high dividend paying stocks and trusts to see that. He should stop denying it and get to the bottom of it. If you're not a part of the solution....

    By Anonymous Anonymous, at 3:23 AM  

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    By Anonymous Anonymous, at 5:47 AM  

  • "Trouble is always around the corner" - The Dalai Lama.

    That goes tenfold for elections. Every day is danger and opportunity, a minefield laden with golden votes. Days of drudgery interspersed with moments of sheer terror. Goodale declared the Income Trust matter "closed" a few days ago, that's the Liberal way of dealing with scandal, of course.

    Today it's Goodale's day, but tomorrow or next month a bombshell may explode - will explode - in the CPC camp. The test is how they will respond.

    By Blogger v, at 8:22 AM  

  • I saw a full segment on CTV this morning. They had an analyst on that said it was "likely" the gov't leaked the info.

    By Anonymous Anonymous, at 8:25 AM  

  • re: "what would he have to gain in leaking this information to the Street?"

    Are you kidding?
    I'd imagine they did it for the same quid pro quo they always do it for.

    I can hear the phone call now from the Librano offices to their suppliers....

    "I've got a hot tip for you. And when you make a million or two on it, I want you to remember this little bird when I call again to ask you for 10,000 election signs and ad creative. I don't want to see a bill...."

    By Anonymous Anonymous, at 9:25 AM  

  • I know with some certaintity that indeed the info was leaked (unintentionally) by a senior civil servant the DAY before the announcement. Having said that the individual that recieved this info, did nothing and told no one. So it is possible that other senior civil servants or this one told others as well.

    By Anonymous Anonymous, at 10:18 AM  

  • I know with some certaintity that indeed the info was leaked (unintentionally) by a senior civil servant the DAY before the announcement. Having said that the individual that recieved this info, did nothing and told no one. So it is possible that other senior civil servants or this one told others as well.

    By Anonymous Anonymous, at 10:19 AM  

  • It's always a good day when it's a bad day for someone in politics. Methinks this horse has legs and I tend to agree with CG that the grits need to resolve this quickly ie - prior to Christmas. What will be more interesting is if Harps can resist a bit of Lib Bashing. I'll take the High Road and You take the Low Road and we'll all meet in Scotland in the morning....

    By Anonymous Sailor Man, at 12:38 PM  

  • What is troubling to me is Mr. Goodale's reponse to the situation. He says that nobody in his office leaked the information. Huh? How does he know. What his response should have been: admit that there is some evidence that casts doubt on the process, commence an immediate investigation, put this baby to rest. As it stands now it looks like he is hiding something. The Libs are scared silly with the prospect of another front on the scandal front and it is not that they don't have a enough time, they're afraid that they might find something.

    By Blogger NorthBayTrapper, at 1:08 PM  

  • I can't seem to get your link to get me anywhere, so here's one I got from nealenews.


    I'm sorry, but the similarities in the verbage in the e-mails and Goodale's announcement are too similar to just discount as coincidence.

    Now, how is it that Grit leaders continue to claim they are responsible for all the good things that happen, but then act dumber than a sack of hammers when something goes wrong on their watch?

    By Anonymous Anonymous, at 2:34 PM  

  • Anon,

    Your comments regarding "hammers" are insulting.

    To hammers.

    By Anonymous Anonymous, at 2:56 PM  

  • I really like the way Harper is addressing this latest scandal.


    Kinsella has also picked up on this.

    I just hope the momentum on this one is maintained before the RCMP finally say they are investigating it...then it will be swept under the table until they announce:
    "Nothing here to look at, just move on."

    By Anonymous Anonymous, at 3:33 PM  

  • Where are the Stockhouse.ca Goodale Leak Posts?

    By Blogger Dan McKenzie, at 3:57 PM  

  • RALPH GOODALE IS THE MOST HONEST PERSON IN THE CANADIAN GOVERNMENT. A TRULY HONOURABLE AND SINCERE MAN, I WOULD CAUTION ANYONE FROM ATTACKING HIS INTEGRITY, NOT ONLY BECAUSE HE HAS NOTHING TO DO WITH THIS BUT ALSO BECAUSE HE HAS ONE OF THE CLEANEST RECORDS EVER. Also about the markets going up, they might have gone up because of speculation just before an announcement is made, there are many days where the markets go up with no announcements, do we have to link everything to something else.

    By Anonymous Anonymous, at 4:18 PM  

  • Thank you Mrs. Goodale.

    By Blogger NorthBayTrapper, at 4:38 PM  

  • Thank you Mrs. Goodale.

    By Blogger NorthBayTrapper, at 4:39 PM  

  • Goodale isn't the problem:

    its the rogue elements of the Liberal party that took over sponsorship, took over stripper immigration and now, have taken over finance.

    maybe they were in finance all along.

    anyway, i guess we know why Bay Street is so Liberal friendly.

    By Blogger Chuckercanuck, at 4:41 PM  

  • Ralph Goodale, to all intents and purposes, screwed this up right from the get go by anouncing a moratorium on advance income trust rulings. Any indication that I had prior to November 23rd, and even on that day, was that the Finance Department would NOT be making any anouncements before December 31st. So, I guess he was just blowing smoke prior to November 23rd to "fool" investors? Quel suprise! He makes another anouncement 4 weeks before he said he would? Why?

    By Anonymous Anonymous, at 6:34 PM  

  • And the noose tightens further...

    Minister of Finance Ralph Goodale denies anyone in his office leaked word of changes to income tax policy, even as one man told CTV News he was tipped off in a phone call from one of the minister's senior advisors.

    When confronted with the latest development, Goodale still denied that anyone from his office gave advance notice of the announcement.

    "I'll have to determine whether there was any breach of rules, any breach of impropriety," Goodale told CTV News. "On the basis of the information I've been given, it does not appear to me that there was any untoward conversations that either revealed the nature of what might be forthcoming in terms of a policy change or the timing of that."

    Wow...we're watching a cabinet minister dig his own grave.

    By Anonymous john g, at 10:42 PM  

  • Well, given that the Prime Minister is set to announce a ban on all handguns, the good folks of Wascana may be putting an end to ol' Ralphie's career before the RCMP gets around to it.

    By Anonymous Sean, at 10:50 PM  

  • Whoops.

    CARP says it got the scoop.

    By Anonymous groovy on granville, at 1:16 AM  

  • Pleeeeeeeease, for the love of God, ONE journalist in the MSM ask Martin a hard question about Trusts. Or even ask about the gun registry when he's trying to solve crime by banning criminals from having guns, or is it vice versa. I'm going nuts watching everyone fail to ask the question the rest of us are screaming at the tv.

    Try: Mr PM, in light of recent reports concerning the liklihood of an income trust leak and Mr Goodales reluctance to instigate a police inquiry have you considered asking for his resignation until the matter is resolved?

    OR Mr PM, is Mr Goodale's reluctance to investigate the possibility of an income trust leak solely his decision or have you had input?

    Go on, try it, see what happens...

    By Anonymous Sailor Man, at 1:43 AM  

  • And now CARP is denying even though their associate director confirmed on CTV video.

    At tinyurl.com/79ytv you can watch William Gleberzon, Associate Director of CARP say:

    "They said something was going to be announced later in the day"

    At http://tinyurl.com/857pw you can see today's CARP press release stating:

    "Although CARP had no idea of what the announcement would be, or exactly when it would come, it was good news that something was being done".

    If CARP disagrees with Gleberzon why does their release end with:

    "Interviews/Information: Judy Cutler, Bill
    Gleberzon, Directors, Government & Media Relations, (416) 363-8748 ext. 241,
    carp@50plus.com, www.carp.ca"

    And the bizarre part, someone somewhere had the bright idea that they should blame the whole thing on kinsella for covering the story.

    By Anonymous yyc, at 6:14 PM  

  • ... that's in the CARP press release.

    By Anonymous yyc, at 6:15 PM  

  • Stockhouse.ca Goodale Leak Posts Revealed

    By Blogger Dan McKenzie, at 6:43 PM  

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