I had to stop watching because my ears could only take so much hogwash.

But I'm glad to hear that ROBTV's Kevin O'Leary earlier in the day said he won't be buying any of the new Stelco stock. He says he could care less because they never fixed their problem. Brascan took a supposedly bankrupt company and added about four hundred million in debt plus stripped out about $150 million for legal and accounting-related bankruptcy restructuring fees; then called it ok.

The new Stelco has the same assets, but is deeper in debt, with nothing at all done to resolve the under-funded pension liability.

Well Courtney Pratt, over 20 years the senior Brascan executive for human resources was parachuted into this steel company, caused a "problem" that nobody knew about, screwed the Company by petitioning it into bankruptcy to the complete dismay of shareholders, bondholders and bankers, proceeded to rip off the shareholders 100-pct and then got a judge and the TSX to ratify an agreement that still doesn't exist.

It was engineered fraud to start, and it was a fraudulent conveyance of assets at the end. What a piece of work by "private equity". And about four objective people, including me, stood up to oppose it, while everybody else was too busy on the take.

Suffice to say, stuff like that ought to be found criminal, at least in my mind. But who am I but an ignorant Canadian blogger who could not stand up to 39 law firms and a judge and a Big Four accounting firm. At the end of the day, those people have the backing of a judge, and they can say flatly that my opinion is wrong.

At least I have an opinion.

I have one final thought about the gang I say robbed the Stelco shareholders, bondholders and retirees. When all this started, the Little People had the money and Brascan had the experience. Now that it's over, Brascan and others got the money and the Little People got the experience.

I want to puke.

Seriously.

I will say that now the thing is over and done, I have accepted it. Life goes on.

For me, now, it will be a matter of "living grand".

But I must say that in this Stelco CCAA process I have lost a lot of respect for the Toronto Stock Exchange and the Ontario Securities Commission. These people talk about shareholder protection like they really mean it. Well, don't ask me; just ask any Stelco shareholder or bondholder what they experienced, and how happy they are to be screwed.

And shame on the new Stelco underwriters for putting the screws to your own clients. Since these clients paid you a lot in fees, did you once " just once " have the professional courtesy to explain to them what was happening to their money?

I hope they all become former clients.

And to the lawyer for the Stelco shareholders, I'd like to know who paid your fees. I gather you like everybody else did get paid a handsome bounty.