All five of our big banks boosted dividends in a move that has not happened in a very long time. This amid soaring profits in what is supposed to be a difficult market, if you believe their own marketing spin.
In a spectacular statement of the blindingly obvious, the Canadian Community Reinvestment Coalition gave this penetrating analysis …
Remember that funny Monty Python song about Dennis Moore that ends thusly?
Dennis Moore, Dennis Moore
Riding through the land
Dennis Moore, Dennis Moore
Without a merry band
He steals from the poor
And gives to the rich
Stupid bitch
Copied from MetroLyrics.com
So what does that make the banks? Or perhaps the financial industry as a whole?
