Statement made on 05 February 2008 by Senator Jerahmiel Grafstein (retired)
Hon. Jerahmiel S. Grafstein:
Honourable senators, I have a question
for the Leader of the Government in the Senate.
In the last few months, we have witnessed the largest meltdown in charter
bank equity and further losses due to derivatives or other similar financial
instruments of questionable value.
Rumours abound in the marketplace that even more losses are in store for our
chartered banks. Is the Government of Canada concerned about this unprecedented
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