'Unfettered Free Market' Stock Exchanges TUMBLE At Hints Of A Slow Down To Taxpayer Funded Corporate Welfare Handouts!
Corporate welfare mentality is alive and well amongst some of the richest business entities in both Canada and the US. Even a hint that taxpayer support to the corporate world may be reduced, sends them into panic mode on North America's stock markets.
TORONTO (Reuters) - Canada's main stock index slipped on Wednesday after comments by the U.S. Federal Reserve that it could begin rolling back its stimulus program this year weighed on investor sentiment and caused declines across most sectors.
Fed Chairman Ben Bernanke said the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014.