It is not enough that banks are making record, some would say obscene, profits. Nor is the fact that the banks' regulatory body, the Financial Consumer Agency of Canada, has not conducted an unannounced audit since 2005. No, it would seem that these institutions want as much as they can extract, even from those customers who fall victim to banking errors and incompetence.
The thinking person must ask, "Why are they being given virtual carte blanche by our government?"
It pays to network, Lorne. And the banks know how to network.
ReplyDeleteThey do seem to have all of the bases covered, Owen.
DeleteCanada's chartered banks have long considered themselves a separate branch of the state, unaccountable to the public and quite exempt from anything to do with the public wellbeing. The very fact that they are creatures of statute, the Bank Act, and called into being by the elected representatives of the public should disabuse them of their arrogance but that's not how they take it.
ReplyDeleteTheir sense of entitlement, coupled with their disdain for the public, is breathtaking, Mound.
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