Nortel Networks (fka NRTLQ)

[Howyadoing]

"However I doubt Ottawa will help Nortel in any significant way. They know that if they do it for Nortel there'll be a crowd of companies knocking at the door for the same kind of help."
************************************************

The loans would be backed by the unused R&D credits .

Nortel has a huge amount of these unused credits. Nortel is #1 in the country , with most others being small potatoes! ( 1.85 Billion , just from 2007 alone ), So all the Canadian Gov. would have to do is control the flow of loans based on a % basis of out standing credits. IMO
*******************************************
"The pool of banked R&D credits accumulated by companies across Canada poses an increasing liability for the government because the Department of Finance doesn't know when and at what rate they will be claimed. Letting companies like Nortel use the credits as collateral for government loans, in return for reducing the pool, could benefit all parties, some experts say."