Thursday, January 15, 2009

Harper propping up the big banks without debate in House.

Ottawa is putting more money into the banks on a per capita basis than Washington’s entire giant $700 billion bailout package. In that country, elected politicians got to debate and vote on the deal. In Canada, forget it. Parliament is closed. taxpayers are giving $75,000,000,000 to the banks for a return on investment of half of one per cent, and for the highest-risk mortgages in the land. Last year the banks made a collective profit of $19,500,000,000.
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