Shenanigans

I call shenanigans on the banks of Canada. You may recall that not that long ago, the government of Canada made $50 billion available to banks in case they were hit hard by the financial crisis in the United States. And yet today we get a statement from the CEO of TD Bank that it is highly unlikely that the bank will be cutting dividends.

This drives me nuts. For those of you that don't know, dividends are how corporations return profits to shareholders. The board of directors decides how much to return, and generally this is only supposed to be done when the company is profitable. These bastards are using public money to pay dividends to shareholders when the money was intended to help them survive a big hit from the financial crisis. These capitalists are robbing Canadians blind, and this crap flies under the radar, being mentioned only in coverage like the Report on Business.

Canadians should be up in arms that we are being fleeced, yet again, by the big banks. They must honestly think we're all stupid to pull this crap. Let's show them that we're not. Let's show them that they can't steal from the Canadian people. This is garbage.

How many people voted Conservative and not NDP in the naive belief that Conservatives would be better managers of the economy and the public purse? The NDP even ran ads telling people that exactly this would happen, including pictures of money being divvied up on boardroom tables. And that is exactly what we got. What is it going to take for people to realize that Conservatives are frauds?

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