The Isaac Brock Society

 
The cover story for the current issue of Canadian Business is “Canada’s Banks Under Fire.” Cover caption is “Why we’re about to pay for America’s mistakes.” Long story, pages 24-29. All about Volcker rule and Basel III.

Not one single word about FATCA. Not one single word about current attempts to harvest revenue from hundreds of thousands of tax-compliant Canadian residents.

One of the best bits is a quotation from Ian Lee of Sprott School of Business: “There’s a casual carelessness from American government officials about the impact of their decisions on people outside of their country. They just shrug their shoulders.”
 

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