tag:blogger.com,1999:blog-7141615629701321642.post815795149418681841..comments2024-01-07T08:41:13.864-05:00Comments on C A I T I - O N L I N E: Canadian Bankers Association now calling for bank mergers....good grief.....why am I not surprised?Brent Fullardhttp://www.blogger.com/profile/08515599756822506137noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7141615629701321642.post-58337418426800086792008-01-11T06:15:00.000-05:002008-01-11T06:15:00.000-05:00"Why don't the banks dividend out their excess ear..."Why don't the banks dividend out their excess earnings to shareholders who can reinvest it in our own country in the manner they think best serves their <BR/>needs? ".<BR/><BR/>OMG--this would be a novel idea for any corporations.<BR/><BR/>See that flash in the distance--must be lightning about to strike for the second time in the same place--these clowns are just about as likely to fork out their hard earned dollars to the poor SOBs who pay the freight as lightning is likely to hit me twice in the same day.<BR/><BR/>On one hand we have the centers of Canadian greed hoarding every penny they can for their own use while the little guy on the street is "nickle & dimed" to death by fees that these guys claim are necessary just to make ends meet.<BR/><BR/>On the other hand we have income trusts that pass their profits on to the real owners , you & I , to be used by us for what we deem necessary.<BR/><BR/>Banks are eliciting huge profits & pay out diddly as a dividend claiming that they need their profits to grow the business to make them productive unlike those slack , economy killing income trusts.<BR/><BR/>Give me a freaking break!!<BR/><BR/>Banks are supposed to be the elite investment entity in this country--why do they write-off so many losses so often , from bad loans to foreign countries to involvement in the ABCP or Sub-prime scandals plaguing the US.<BR/><BR/>The reason is poor accountability--a perfect fit for this present government in Ottawa--should be a no-brainer for Flaherty to give his Ok to this one.<BR/><BR/>Kill one of the most efficient business models in favor of one of the "crappiest".<BR/><BR/>I am sure it will make sense to Jimmy.<BR/><BR/>Just not to the rest of us.<BR/><BR/>Of course we are just stupid trust investors who don`t know a coupon clipper when we see one.<BR/><BR/>Dr Mike.Anonymousnoreply@blogger.com