Thursday, December 18, 2008

Government = fun!


What to make about the fact that Canada's Finance Minister has told Canada's banks to alter their credit policies?
  1. Jim Flaherty thinks that the best way out of an economic mess that was caused by too much credit going to iffy people is to give even more credit to even more iffy people.
  2. Jim Flaherty thinks he knows better than privately-owned corporations what strategies are profitable for them.
  3. Jim Flaherty thinks privately-owned corporations will choose to make decisions that are not in their best interests because he asked them to.
  4. Jim Flaherty thinks privately-owned corporations will choose to make decisions that are not in their best interests because they feel they owe him a favour for his past actions.
  5. Jim Flaherty knows damn well that the banks will continue to make decisions that are in their own best interests, but is merely setting the groundwork for being able to publicly blame the banks later on if the economy really really really goes in the crapper and he needs to score some political points at a later date.

2 comments:

Krankor said...

I love his Count Floyd character. What a great guy.

sporkless said...

Oh, I forgot one more possibility:

6. Jim Flaherty is just dead wrong -- Canada's banks are currently issuing a record amount of credit.