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Poilievre wants Carney to cash out blind trust, says ethics screens insufficient
(www.nationalobserver.com)
this post was submitted on 14 Jul 2025
49 points (91.5% liked)
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Polievre still doesn't understand how a blind trust works eh?
He understands it perfectly well, but he knows a large chunk of his base doesn't
I assumed this was what a blind trust is, can you educate me what a blind trust actually is?
Rather than having a fire sale (selling all investments, which implies in the short term), the trustee sells and buys investments as he sees fit without consulting the owner. It's just Poilievre adding a step that seems obvious to the ignorant and harms the person he's attacking.
How is the portfolio manager selected? Surely the best risk/reward would be a fully diversified etf fund which would require some liquidation, but many managers try to actively trade but the majority also fail.
I don't know how Carney was managing his investments previously, and switching to a different fund has the same issues I raised before, but ask yourself this question. How is this more relevant for Carney than all the other politicians, and why are these demands being made of only him? I'm don't have a problem with limits on how politicians invest, but I expect the investment advantages are similar for most politicians at a given level of politics, especially for the senior politicians. So why is Poilievre banging on this drum, and not broader anti-corruption measures?
I assume because hes a green guys who has written books on it, worked as a director of ESG at Brookfield, and is now seen as potentially giving green subsidies. Obviously it looks better if he doesnt own a vast leaning towards Brookfields when he dishes out subsidies to for-profit corporations. I agree that whenever a politician has obvious conflict of interests it should be rectified and incentives neutralized.
So we should stop having politicians from having investments in housing, right?
I would love to have that terrible pick for housing minister be liquidated, that is a prime example of blatant corruption.
Well, there's nothing stopping Poilievre and his wife from selling the rental properties they own, which should help remove some conflict of interest they may have in this issue which is so important to many Canadians, and he doesn't even have to get the approval of anyone but his wife to make it happen (and that only for one of them).
google is free.
I don't like that I agree with Poilievre here.
But it's unclear what the vesting schedule for Carney's Brookfield stock options is. Meaning that whoever is administering the 'blind' trust may not even have the ability to decide whether to exercise those options while Carney is in office.
I can't see how that's not a problem tbh
Edit: if you're gonna downvote this, then go ahead and tell everyone what a vesting schedule is, and what the vesting schedule for Carney's stock options is. I'll wait.
What exactly do you want done with unvested shares?
Carney could, for instance, sign away any future claim to them.
At the very least, Canadians deserve to know what the vesting schedule is. But he's a rich man already. If he was really in politics for the greater good (doubtful!), and if he cared about not having conflicts of interest or even appearing not to (also doubtful!), then he'd have zero qualms about giving up these Brookfield options.
Instead, he gets mad at anyone who questions the arrangement, and continues to push projects in sectors that Brookfield is heavily invested in.
google is free
And that's exactly my point. So go on, answer the question please?
go use google is the answer...
Not sure what you think I meant.
I know what a vesting schedule is. Do you?
And Carney has not disclosed what the vesting schedule for his Brookfield stock options is.