Thread by @yomeeks

This is your daily pension announcement: I want to straighten a few details out from the functionaries not the politicians. #AbLeg #travisfail

Re-upping this for commentary that I didn't have time for:

albertapolitics.ca/2020/05/ceos-l…

First, when Kevin chortled in superiority with:

"He also argued “media reporting has dramatically overstated the extent of the losses,” stating that “realized and unrealized losses to date are approximately $2.1 billion..." #ABLeg #AIMCOfail

Kevin and Athana are referencing initial reports of losses that were $4 billion ...revised numbers were "only" $2 billion lost. #stillashitton #fail

Now we find out that original $4 billion came from Kevin's mouth. ($2 billion realized +$2 billion unrealized). #ABLeg

Prior to this becoming public Kevin reported the $4 billion loss to a number of parties.

(In a remarkable stroke of good luck the market swung heavily in Kevin's favor and the additional $2 billion in losses evaporated.) #ABLeg

So media didn't "dramatically overstate" but rather printed words that had come originally from Kevin's lips. Those words were leaked probably by a broker or dealer in NYC where the trading was done.

So Athana should not act as if the media got the number wrong. #ABLeg

I was invited to the party celebrating 10 years of AIMCO. It was held at the Hotel MacDonald here in Edmonton. The finest in charcuterie and drinks. Mayor Don Iveson even showed up. It is unlikely that I will be invited to Kevin's going away party. #ABLeg