By William Corden
The big six Canadian banks have just reported their PROFITS for the last three months coming in around $16billion. Not bad for a country with only 40 million people…. $4 billion a month between them.(that’s $4 thousand million in 90 days)
How they’ve increased their returns by staggering percentages is a question nobody really asks. They just slough us off with comments like ” increased profits from capital markets” or some other throwaway lines.
Banks seem to be immune from social responsibilities despite their incredible haul, they’ve traditionally paid their staff peanuts, they don’t endow chairs in Universities , they don’t sponsor social infrastructure and the only thing they seem to spend money on is Sports Pros and Golf Tournaments to the tune of MILLIONS of dollars.
Two of the major banks have black spokespersons and yet you’d need a forensic detective to find one on their full time staff.
It’s time they were made to live up to some level of social contribution, they’ve had it pressure free for too many years now and the politicians are scared to call them to account.
We, as a society, especially a white society, have been bounced from pillar to post over our past cultural standards… slavery, women’s vote, racial discrimination, to mention but a few.
Yet the banks had policies that were in a way just as bad … women couldn’t apply for a loan, a wife’s wages couldn’t be taken into account with a joint loan application, Men had to ask the bank for permission to marry, families were uprooted with transfers to isolated regions with no thought for the effect it had on the children. Employment policies encouraged cheap loans which cost them nothing and yet kept the employees in virtual chains.
But has there been any outcry? Has there been any talk of reparations or compensation as there is with the Blacks and the Native Indians?
If there has I haven’t seen it in print anywheres.
Time to put the pressure on them and get some of those service charges back, time to get them to donate funds to things like roadbuilding and community Centers, they’ve had a free ride for too long now
10 Responses
correction, that’s more than $5 thousand million in each THIRTY days. But I’m sure readers get the picture… it’s a lot of money!
Our ‘banks” are money laundromats for cartels and foreign terrorists. Dealing in legal retail is a side gig.
I don’t want my bank doing anything socialist, their responsibility is to take care of customers money, my money, your money in a free and open market. To make it grow where possible and keep the customers wealth secure.
I don’t think you’ve been inside a bank’s offices lately. You are lucky to find anyone white. It’s all Indian. Indians only hire other Indians. DEI video at TD has the same number of pictures of white men as dogs – one! Education grants, awards, etc are granted almost exclusively to non whites.
Where do those profits go?
To their shareholders who are always individuals. Always to individuals, often at the end of a long chain of intermediary shareholders. Nearly 50% of the shares are held by institutions, and that usually means pension funds, mutual funds and governments.
The only economically sane and morally proper time and way to tax those profits is when the are ultimately paid to individuals. The rich ones will pay a big tax but your grandparents receiving their pensions will hopefully pay nothing. Unless they are rich. Are they rich?
When you tax the bank directly your grandmother will end up with less.
Why are you so economically stupid? Why do you hate your grandmother?
This entire article and the lefty comments here are evil and insane.
Grandmother is updating ledgers in Heaven. Don’t get mad, I write stuff like this to piss people like you off.
Wm Corden, victim.
Life is a zero sum game in the minds of parasites.
I’m not a victim of them, in fact I’ve done very well out of them, both inside and outside the ropes.
My beef is that they can get away with anything they want and even if they get fined for illegal behaviour not one of their executives is punished.
“…and the politicians are scared to call them to account.”
Are you kidding? The banks are government puppets. The rotten f****rs tripped over each other in their haste to seize and freeze the assets of freedom-loving Canadians.
I had an altercation with a Canadian bank several years ago. The bank had failed to inform me of a RRIF that my mother had held and upon my mother’s death should have been terminated and the funds should have been transferred to me as beneficiary. I only became aware of the situation when several tax slips were delivered to my address ten years after my mother’s death. To make a long story short after talking to several lawyers, not one of them would take the case because it’s a bank. I tried to pursue the case personally and after several years of frustration I dropped my damage and costs lawsuit. In the course of my correspondence with CRA, Canada Post, and several other government agencies I stumbled on several factors that lead me to believe that the financial system is skewed in favour of the banks. One thing that stood out was the ability of a Canadian bank to retain the funds held in certain accounts if the owner cannot be contacted. In my case the bank claimed to have sent out notifications of interest changes, as required every two years to the account holder. When I requested a copy of these notifications I received copies that were addressed to my mother even though the bank had been informed that she had died. Link that fact and the practice of Canada Post only forwarding mail for one year unless special arrangements are made, and you have a case of engineered/orchestrated embezzlement.