Journalists, MPs are missing the real Bill Morneau scandal

The so-called “Morneau Scandal” has been a farce in many ways, with mainstream media failing to recognize the real scandal plaguing the government’s financial control system.

First, the tempest in a teapot. While he wasn’t legally required to do so, Finance Minister Bill Morneau made the mistake of not putting his financial holdings, which may run to $40-million, into a blind trust.

The office of the Conflict of Interest and Ethics Commissioner  didn’t object to the fact that Morneau didn’t put his fortune in a blind trust.

Nevertheless, the jackals saw an opportunity to embarrass and possibly bring down the Trudeau government’s Number 2 man. 

“This finance minister used a loophole to keep himself invested in a financial company which he regulates,” Conservative finance critic Pierre Poilievre said in the House of Commons, “all the while going across the country calling honest plumbers and farmers tax cheats.”

National Post columnist Brian Platt criticized Morneau for not being in Parliament all week, and instead travelling out-of-province to make announcements on the government’s small business tax reforms.

But this was a case of Parliamentary Press Gallery journalists being so hungry for blood that most of them ignored the truth about blind trusts and never looked for the bigger issues behind the story.

BLIND TRUSTS "A SHAM"