Where are the Canadian bank’s social responsibilities?

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