http://www.bloomberg.com/apps/news?pid=20601082&sid=aDl_4oP5nfUQ
Instead, Canada is proposing governments require banks to keep contingent capital on hand in case of emergency. I like this plan, personally, because in reality, does anyone here trust the government to use the bank tax revenue strictly as an emergency cushion? Not a chance. Just more money out of the taxpayer's pocket.
Instead, Canada is proposing governments require banks to keep contingent capital on hand in case of emergency. I like this plan, personally, because in reality, does anyone here trust the government to use the bank tax revenue strictly as an emergency cushion? Not a chance. Just more money out of the taxpayer's pocket.