Tuesday, 22 February 2011

Banks deserve a break?

     This is what Liberals do ...
On February 19, 2008, then BC Liberal finance minister Carole Taylor tabled the province's 2008/09 budget - her last before quitting politics - she wiped out B.C.'s corporation capital tax on banks. Carol, all toothy smiles and new shoes, seemed to think banks needed a break.
Want some info?
Here are some bank profits for only the FIRST QUARTER of 2010 . . .

  • Bank of Nova Scotia                           988 MILLION dollars
  • CIBC                                                   652 million
  • Bank of Montreal                                657 million
  • National Bank                                     215 million
  • Royal Bank                                         1.2 BILLION
  • TD Bank                                             1.5 billion  
These figures are for a THREE MONTH period! The banks are getting virtually ALL their profits from YOUR bank account. They manufacture nothing. They don't wholesale anything to stores. They have no research and development of a product. Just a new fee here and a higher interest percentage there.
Yet Carole Taylor, in her wisdom and authority, thought that banks needed a break.
Eighteen months later, Taylor joined the TD bank as a director which could pay her up to $350 THOUSAND dollars a year!

If that isn't sleaze I don't know what is.

But this is just what Liberals do.


  1. Carole Taylor has always been connected to sleaze.

  2. Banks are as sleazy as the Liberals.

  3. Wouldn't you like to know how much money was lost to BC Taxpayers because the banks are no longer paying their taxes?


Keep it civil, folks, I know you're angry but try not to swear too much.