RE:RE:RE:RE:RE:RE:RE:RE:Expectations BA - Globals 7500Banks are regulated by the Bank of Canada so to receive protection of a charter should mean more than chasing profit. Economic stimulation is an interesting concept.
They pay the top people ridculous salaries and the books are cleaned twice before announcing huge gains. Latest twist is loan loss provisions. Wonder what the CRA will say when I include loan loss provisoins on my personal income tax.
As your post suggests bqank profits exit the economy through dividends to shareholders. Hello Goldman Sachs. None are so blind as those that will not see.
smush74 wrote:
Are banks around to lose money? As for their profit aproximately 50% of their profits go to pension funds both private and public, then direct and indirect to shareholders.