Tuesday, June 26, 2012

Rob Snow, Master of Business

Rob Snow is one of the right-wing experts on all things financial employed by Ottawa's exquisitely lame CFRA radio station. When he's not hectoring the Government of Canada, the Government of Ontario and the City of Ottawa about their financial management, he's railing about the follies of the Greek, Italian and Spanish governments, and their big bank bailouts.
He's the host of CFRA's Business at Night. And he's the frequent interrupter of CFRA money markets commentator John Budden.
Perhaps Snow learned financial management the hard way. Seems he's had his own brush with insolvency.
Records of the Office of the Superintendent of Bankruptcy Canada (File 33-1235131) show Robert Lowell Snow declared bankruptcy  on July 20, 2009, with assets of $3 and liabilities of $54,251.
His assets included $1 equity in his leased truck, which features prominently among his Facebook photos.
Snow owed the Bank of Nova Scotia $8200 in bank loans and $35,250 on a line of credit. He owed $6,000 to CIBC, $1500 to the McGrath Brothers collection agency, $1300 to MoneyMart and $2000 to Wells Fargo.
Snow blamed his bankruptcy on over extension of credit and illness.

1 comment:

Megan Billard said...

Thanks so much for sharing this. I didn't know much about Rob Snow, but I'd heard the name quite often. I hope that his choices and his debt won't effect the rest of us too much. In my opinion, he took the easy way out. It seems that bankruptcy in Ottawa is becoming more and more common. I hope that trend doesn't continue.