Canada's Bank Bailout -- $800 for every man, woman and child in the country

A banker friend explained the bailout -- sort of.

The government is buying $25B of pooled mortgages; the government is borrowing the money to buy the debt.

I still don't understand why.

If the pooled mortgages are in fact a good deal why not sell them to Canadian investors looking for a safe investment? Or are the pools maybe not so safe?

It still seems a problem to me -- and something I would have liked discussed in Parliament (or at least explained properly by the Finance Minister).

James Morton