The Senate and Bank Mergers
L. Ian MacDonald wrote a defence of the Senate in today’s Montreal Gazette. He makes the familiar argument that it provides useful study of policy issues. However, his first example…
banks
Thursday Morning Links
This and that for your Thursday reading. – Ellie Mae O’Hagan and Nicholas Shaxson annihilate the claim that perpetually lowering corporate and upper-income tax rates offers any competitive advantage: Tax…
Temporary Foreign Worker Scandal: RBC Issues “Open Letter To Canadians”
By: Obert Madondo | The Canadian Progressive: According to a list recently obtained by the Alberta Federation of Labour, the Royal Bank of Canada, (RBC) is one the thousands of…
Banks? Fuggetaboutit………
RBC replaces Canadian staff with foreign workers Axed employee blows whistle; federal government investigating By Kathy Tomlinson, CBC News Posted: Apr 6, 2013 5:31 PM PT This is going to…
Ever since the world economy started crashing in 2008, a lot of…
Ever since the world economy started crashing in 2008, a lot of news has been uncovered about Ponzi schemes, financial institutions ripping people off, crooked government bailouts, banks laundering money…
Glass-House Mortgages
A letter appears in today’s Globe and Mail in response to recent direction given by Minister Flaherty to private mortgage lenders over mortgage rates. The letter was written by Steve…
Patterns
Hmm… do I detect a pattern emerging here and here and maybe here? Just wondering. Recommend this Post
Canada Loses Billions in Revenue to Tax Havens
By Canadians for Tax Fairness | Feb. 18, 2013: The growing use of tax havens is costing Canadians an estimated $7.8 billion annually, the executive director of Canadians for Tax…
Oh Canada – Our Bought And Sold Out Land (VIDEO)
Via YouTube: Dan Mathews has done us all a favor, with his educational documentary, as he reveals common misconception in how we deal with banks. Watch and laugh as Dan…
Grieving Father Struggles to Pay Dead Son’s Student Loans
Article by Marian Wang | ProPublica, June 14, 2012, 10:05 a.m. A few months after he buried his son, Francisco Reynoso began getting notices in the mail. Then the debt…
Sunday Morning Links
Assorted content to end your weekend. – In keeping with the theme of my column this week, the Mound of Sound highlights the distinction between a “plutonomy” which serves as…
Saturday Morning Links
Assorted content for your weekend reading. – Lori Wallach discusses the corporate coup underlying the Trans-Pacific Partnership which the Cons are so eager to force on Canada: (T)rade is the…
Canada: Land of Mines and Banks
Just in time for Canada Day, the Globe and Mail’s Report on Business issued its annual Top 1000 rankings of the thousand largest publicly traded companies (by assets) in Canada…
US family net worth crushed by financial crisis
The US Federal Reserve today released its triennial examination of incomes and net worth of American households in the Survey of Consumer Finances. It shows the crushing effects on net…
Complete details of 2008-09 Bank Support
Readers of this blog will have hopefully read my report “The big banks big secret” which examines the $114 billion that Canada’s banks received during the 2008-09 financial crisis. Its…
To start a real revolution, learn from Iceland first
The people of Iceland forced their corrupt government to resign. They created a public assembly to rewrite the constitution. The banks were nationalized. The people decided not to pay the…
The London Whale: The Massive Gambles our Regulators and Banks are taking and why You will pay
We have all heard of the London Whale and his role in betting $100 billion (that’s $100,000,000,000)on derivatives and losing several billion for the proud and now humbled JPMorgan. And…
Tuesday Morning Links
This and that for your Tuesday reading. – Andrew Coyne is rightly alarmed at the Cons’ move to short-circuit any debate about major policy changes through an omnibus budget bill.…