Canada's banks all reported profits in the last quarter of 2013, and for the year as well. The biggest bank, the Royal, made 8.5 BILLION dollars profit this year, beating last year's record profit of 7.5 BILLION. Other banks also reported either record or near record profits as well.
Personally, I think that's obscene, especially when one fuck of a lot of people, myself included, have to stretch to make ends meet. A lot of people just barely manage to scrape by month to month, and feel it's fucking ridiculous for banks to make anywhere near that much. Yes, they are a business, and yes, they should make a profit. But 8.5 BILLION?!? What the fuck do they need all that cash for anyway? Oh, yeah. I forgot. They have to pay their senior execs millions and millions a year. Plus dividends to shareholders.
What the banks should be forced to do is cap profits at say 2 billion per year. The remaining cash should be handed back to the people who pay unreal fees for mortgages, loans, credit cards and even fees to use the fucking banks to begin with!
But that's about as likely to happen as the sun rising in the west and setting in the north.
Rant over.
'Nuff said.
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