Update #4: Suspicious Trading

This story continues to get stranger with each passing moment. William Gleberzon, executive director of CARP or Canada's Association for the Fifty Plus, told CTV News,
"The day they made the announcement they phoned us and said something is going to be said."

"They said something was going to be announced later in the day. And we assumed that if they told us that ... it would probably be something we'd be happy with."
Now CARP is denying said telephone call ever took place. They now claim no such call was ever received from Goodale's office. In a statement they said,
TORONTO, Dec. 8 /CNW/ - There is no truth to the serious accusations that CARP had inside information about Minister Ralph Goodale's announcement regarding Income Trusts. In fact, the political crossfire regarding who knew what, when and how about the Minister's announcement has created the false allegation that there was a leak to CARP.

The record must be set straight! At no time was CARP given an indication by the Minister's office of when the announcement would be made or what it would say.

There was communication between CARP and Mr. Goodale's office beginning in September when the issue of Income Trusts was first raised and thousands of seniors began contacting the Association in panic. Phone calls closer to the announcement involved CARP's urging the Minister to end the uncertainty regarding the Income Trust issue - especially before the expected end of Parliament.

CARP was told that because of the upcoming election, it was important to have certainty in the market and so an announcement could be coming soon. 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.

This absurd accusation seems to have started with Warren Kinsella who, for some reason, "mused" on his website that "a seniors organization had been actually briefed by Ministerial aides on what was coming before it did". He later cited CARP as the organization. CARP challenges Mr. Kinsella to back up this irresponsible claim!

CARP is Canada's Association for the Fifty-Plus. A non-profit, non- partisan organization, CARP has 400,000 members across the country. Its mandate is to promote and protect the rights and quality of life for older Canadians. Its mission is to develop practical recommendations for the issues raised, as was done in the case of Income Trusts.
This entire fiasco has me perplexed. CARP now denies claims made earlier by its Executive Director as reported by CTV News. Regardless of who knew what and when they knew it, it's painfully obvious that someone did talk. For its part CARP now seems to be blaming former Chretien-attack dog and blogger Warren Kinsella. I must admit that I've been following Warren for his insight since this started and I cannot recall him doing anything wrong or even questionable. Stay tuned!

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