When were these loans granted? Before or after May 7 2012?

35million from NIB???? To cover the bad loans from these people? Loans they will never even be asked to pay. No loan officer will harass them, no police will show up at their door to allow movers to take their furniture or the wrecker to take their car, the bank won't take their house...the loan will simply be written off.

NIB?? I asked just this morning why Shane Gibson would have been given responsibility for such a cash rich organization...why don't they just pull up to the front door and drive away with bags of cash? Don't forget to wear the black eye masks

I have heard from reliable sources that BOB's days are numbered and that they are in serious financial trouble...now...reliable vs factual, I cannot guarantee...so call it hearsay if you want.

S O S

I believe PC is the minister responsible for BOB. Now I know that finance is not really his field ( he has demonstrated this again and again) but perhaps he could answer a really simple question. Were any unsecured loans were given during his administration and to whom?

Don't expect an answer anytime soon. In any case, I think we all know the answer!!

You are right I never expected an answer anyway,but then again a silence in that matter is an answer by itself

notice the press has not done one single bit of investigation into any of this though it has been known for some time now - i wonder why. nothing of actual significance gets investigated in this country by the media, just useless banter that makes headlines

Its the Developement bank circa 2014

How can someone rack up 28million in debt at a commercial bank? I can see you making that kind of loss if you play a high stakes poker game or you invest in some risky option and end up on the wrong side of the trade. But at a regular commercial bank? How is that possible? At minimum there should be an asset that should be covering the greater percentage of the debt. How is this possible.?

Regular consumers are having their money stolen from a bank.
We rail about Canadian banks taking profits back to Canada, but what is this?
Then, our pension money that we pay religiously to NIB is being stolen to subsidize their lifestyles.
They placed someone in charge, who is known for their light fingers, just to make sure it all goes seamlessly.
We have a bunch of gamblers sitting in the House and they're using our money to make high stakes bets, then they direct the loan shark to tax us again to make up the shortfall.

I suppose the gist of all this is that BoB is going down, so presumably there will be run on the Bank tomorrow, assuming of course those in the know have not already cleared out the vault. Should be an interesting week, albeit another sad event to celebrate 40 years of self governance.