Here's what he said. We are not an island. There's a worldwide economic crisis. Really? What a revelation.
He has no concerns about our banks being in trouble. His concern is about the availability of credit. But, we've seen bank failures around the rest of the world. But our banks are a-ok.
Now the government is looking at additional steps to help the market. NOw Jim? A little late to the party isn't it?
Oh...and if not for the Conservative Government, the Bank of Canada couldn't have dropped its rate yesterday. Really? Wow.
Too bad this guy is going to lose is own seat.