Just when you thought the incompetence couldn't get any worse at Nalcor, along comes another scheme to up the ante on deceit and dumb.
This blogger has just learned that Nalcor lost $66.9 million following management's decision to place a bet of $1.82 billion - public money - in the “futures” market.
Nalcor even tries to put the blame on U.S. President Donald Trump.
To add insult to injury, Nalcor and the Ball Government did their best to cover up the failed scheme.
The losses occurred in May of this year. An eagle-eyed Nalcor watcher, able to parse Nalcor’s most opaque assertions, brought the contents of the corporation’s last quarterly financial statement to my attention.
Nalcor even tries to put the blame on U.S. President Donald Trump.
To add insult to injury, Nalcor and the Ball Government did their best to cover up the failed scheme.
The losses occurred in May of this year. An eagle-eyed Nalcor watcher, able to parse Nalcor’s most opaque assertions, brought the contents of the corporation’s last quarterly financial statement to my attention.
