Quote:
Originally Posted by Bownesian
Bankers, especially central bankers are subordinate to their respective governments' laws. Evidence of this is found in how several of the G-20 governments are planning on changing bank regulations and are planning to or are raising taxes against that industry.
There isn't some grand conspiracy here. People elect governments whose platforms support the economic status quo and do not elect parties who propose radical change such as the NDP. If you want things to be different, you have to start by convincing a lot of people who disagree with your position.
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Yes, the goverment needs to change the banking act. Our debt is privatized, and needs to be under our control again.
Bank taxes, unfortunately will not really accomplish anything. They will most likely be pushed onto the consumer anyways...