[PoscStudent]

No conflict of interest in bank-debt writeoff, Dwight Ball says

Liberal Leader Dwight Ball is defending a deal to erase the party's debt that includes a write-off of $371,000 in interest charges by three major lending institutions.

Ball confirmed Friday that Scotiabank, CIBC and the Royal Bank has forgiven the interest payments on debt accumulated since the 2003 election campaign.

Critics have charged that the party is now in a conflict of interest with any decisions that may involve those companies, and that the party may have violated Elections NL rules by accepting such a large "donation."

But Ball said that's not the case.

He said Elections NL has signed off on the deal, and as for any perceived conflict of interest, Ball said most decisions relating to the banking industry are made at the federal level.

http://www.cbc.ca/news/canada/newfou...says-1.3092930


And here I am trying to pay off my credit card before I'm charged interest. I'll just let it rack up from now on and ask RBC to forgive it!