Bankers (again!)

Interesting commentary in The Toronto Star today by Angelo Persichilli. I especially liked this quote.

It also is a fact that bankers want more from us to make more profits and justify their fat bonuses.

Angelo received a letter from his bank stating that “we have been experiencing higher borrowing costs since the start of the financial crisis.” Thus, they needed to raise the interest rate on his line of credit.

Mark Carney, the governor of the Bank of Canada, talking to the media last month, asked: “Is it a good idea to pay big bonuses when at the same time there is a shortage of capital? Maybe regulators will decide.”

Read Angelo’s full item at the link given above. Then come back here and make a comment.

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