Tony Parry, managing director of Canada Life International, talks to Sarah Godfrey
- What is your view of the US and UK banking bailouts? I support the way Gordon Brown has intervened and supported the banks - they have been struggling to find a way forward, and his capital injection allowed them to free up assets and lend again. But the terms of the deal mean ordinary shareholders will suffer, and a lot of those will be pension funds and small investors. So it's a bit of a double whammy for the shareholders, who are also taxpayers. The intervention is to safeguard the interests of the financial system - world governments had to step in and I'm not convinced we have s...
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