Ahh ... Pity The Poor Banks .... (Flaherty Is Driven By Right Wing Ideology)
Right wing ideology says that with an extra $50 Billion in their pockets, the Banks will gladly start lending money to consumers! The fly in the ointment is that the the Harper government has not made this general mortgage buyout contingent on the banks doing just that .... LENDING out money!
We have already seen resistance from the American banking system who are hoarding the hundreds of billions of tax dollars coming their way from the Bush administration.
So ... exactly what tells Jim Flaherty that Canadian banks will not do the same?
We are witnessing one of the worst thefts of tax dollars in recorded history. We are witnessing an outright pillage of the public purse ... the money going to the hands of Wall Street, Bay Street and the banking industry.
Friends .. we are being taken to the cleaners - our pockets are being picked - we are going to hell in a handbag.