It kind of bothers me that people say that we/they will not be impacted by what is happening with the markets and economy. The way I look at it at least is that EVERYONE will be touched in some way. It is not only about LOANS. It is about the economy as a whole. It is not only about Prince George but the world market as a whole. For example: If we do not get buyers for our produced wood aside from the United States, what do you think will happen to Prince George?? I would bet that this city will suffer!!

I mean no disrespect to anyone, this is just my thoughts on all the caos that has been happening lately.

Have a nice day all!

The cup is half full and the rest we will sweep under the carpet. Thank heaven it is election time and maybe we can change the financial path of our City. With the clowns we have there now we will end up in the poor house.

Can you imagine making a statement that the down turn in the economy will not effect our City. I will effect all of us big time.
Cheers

The City is quite right, they will not lose on this one. If you can't pay your taxes the city gets your house. It will be a very long time before the amount you owed in taxes will equal the value of your home that the city can take if you go broke.

If the City is impacted, it might be to just come ahead on any hardship the taxpayers suffer. Who knows, the city could end up owning a pulp mill or two.

The 16.3 million loan is money we owe. In addition, without paying down the principle, we have to pay more than 600 thousand interest. What was the value of the investment when invested and what is it now? What will it be a year from now? In this economy, are we losing on the investment or gaining?

Was at the White Spot fer lunch today. It was full. Guess those patrons don't dabble in the stock market. Either do I.