Canada's Banks would like part of the financing

Canadian Bank of Clearance unable to finance deal? Lame.
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http://www.theglobeandmail.com/report-on-business/torstar-cash-at-hand-leads-canwest-bidding/article1542453/
Quote, "CanWest's bankers have put a priority on getting their money back fast, so any bid financed by debt has a lower chance – and the publisher of the Toronto Star has a wealthy backer." [Non sense. ]

Sarbanes-Oxley Compensation Accepted Accounting Principles CAAP

Board members and Executive compensation and auditor fees disclosure
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http://www.soxlaw.com/

AAAP Asset Accepted Accounting Principles Securities Form

The alphabet of accounting
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SAAP Specific Accepted Accounting Principles Securities Forms -- and GAAP balance sheet financial statements -- are the nuts and bolts of modern accounting. Many of the failures of GAAP are the lack of specifics, and the ability to use generalizations to skirt issues and misrepresent the accounting.

It is a myth, that somehow improving GAAP, the balance sheet statement (generalized disclosure, in one perfect document) deliveries effective shareholder oversight of a large business. Investors desire and need both SAAP specifics and GAAP generalizations. Accounting linguistics.

DAAP Debt Accepted Accounting Principles Securities Form

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Whereas GAAP is a generalization of specifics to create a single balance sheet, necessarily leaves out details. Specific debt, hedging, asset securities forms are not generalize; they are specific to allows the investor to see the truth.

An example, is IFRS accounting rule on consolidated balance sheets, and listed all the debt of a company, if have voting control. Failure to protect over listing debt to take a company private and smear the balance sheet. An example, Canwest is debt free (after the debt exchanges) yet the Canwest lists debt that belongs to Goldman Sachs, as Canwest debt. Investors are having their shares expropriated, and giving a debt free company away with cash in the bank. Creates issues for the CCAA and that if the newspapers sell for more than 950 million, all extra cash in the rearranged Canwest coffers; all it takes is selling the newspapers at 1.3 billion and Canwest's shares are gold.

Generalized principles do just that generalize and hide. Specific debt accounting would not have this issue that GAAP has with how to consolidate a balance sheet for several part owned subsidiaries or investments. GAAP improved when combined with specific accounting securites forms.

HAAP Hedging Accepted Accounting Principles Securities Form

Modern World and Modern Accounting Technology
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Wisdom is not inserting all the financial bits and bolts, into a single balance sheet report. Too many other details going on.

Possible to do something new, and issue a seperate filing for derivative exposure, issued two weeks after a public company issues it's quarterly balance sheet. Benefit in focusing a filing onto a specfic topic: investor understanding about hedging programs improved with this specific filing.

[Whereas the old system did not repeat information, and claimed that previous disclosed information, do not have to be repeatly disclosed over and over; the HAAP document issued on hedging activity, does repeat information, which in turn strengthens investors ability to understand.]

Note, balance sheets will continue to disclose hedging under GAAP as is currently done. HAAP works in conjunction with GAAP.

Federal Reserve History

http://www.historycentral.com/documents/Federalreserve.html

Concern Scotia Bank has misrepresented that the Big Five buying Canwest papers

Critical to the Canadian Bank of Clearenace is a fair newspaper
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http://oneclick.indiatimes.com/topic/Bank_of_Nova_Scotia

Lower interest rates and the rings of beneifts, and subsequent interest rates hikes

Reserves sizes and lowering interest rates hiccups
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