A federal Crown corporation that was established in 1967 to protect Canadian currency deposits against the possible failure of CDIC member financial institutions. As a general rule, eligible deposits are protected up to a maximum of $100,000 per person, including principal and interest, at each member institution. For more information, visit the Canada Deposit Insurance Corporation Web site.
This whole thing stinks but not on Camille Theriault. The Caisse while this was going on belonged to the Anglophone Credit Union not the Francophone ones which Theriault is part of. It's a scandal and it stinks but Camille Theriault has little to nothing to do with it except for the short time he was Premier if he knew something then which I doubt. The rot rests with the management of the Caisse itself.
6 comments:
Go to information morning in moncton and go to the archives for march and they have a good feature on it that explains it nicely.
the problem with this is that banks and credit union have insurance to cover these things ... all loans are also insured by the bank of canada
wonder what this is really all about a cover up again
naw not in canada it would never happen we are politically correct
(Société d'assurance-dépôts du Canada (SADC)).
A federal Crown corporation that was established in 1967 to protect Canadian currency deposits against the possible failure of CDIC member financial institutions. As a general rule, eligible deposits are protected up to a maximum of $100,000 per person, including principal and interest, at each member institution. For more information, visit the Canada Deposit Insurance Corporation Web site.
I wonder WHO pays the premium on these loans?? This issue will be out front for a few months then it will fade like the others with no real solutions.
well never know for the simple reason no politicians decisions are accountable in CANADA
This whole thing stinks but not on Camille Theriault. The Caisse while this was going on belonged to the Anglophone Credit Union not the Francophone ones which Theriault is part of. It's a scandal and it stinks but Camille Theriault has little to nothing to do with it except for the short time he was Premier if he knew something then which I doubt. The rot rests with the management of the Caisse itself.
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