The Canadian Press

1981-09-26 | High-Interest-Rates

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Robert McIntosh, president of the Canadian Bankers Association, met with Finance Minister Alan MacEachen and representatives of the banking community September 26. He said lending institutions were dealing on their own with hardship cases arising from high interest rates. And he said there was no need for the government to come up with major new programs to help homeowners.

Date: 1981-09-26
Placeline: Ottawa, ON, Canada
Source: The Canadian Press
Length: 33 seconds

Transcript Prediction: << the banking and then the other group saying that when it comes to hardship cases that are pushing people right over the cliff the banks will deal with them on a one by one basis they are dealing with them in that way we're deferring interest for that appropriate and finding different ways they're telling their counseling people on how to handle their finances liquidating their affect the other forms of active some cases of wheat there with the unanimity on the part of me and that there was not a necessity for a global pollution >>

Clip ID: 19810926CPCN001