Wednesday, October 08, 2008

A gift to the boardroom

I haven't yet seen any coverage drawing a link between the latest financial news and the federal election. But could Jack Layton and the New Democrats have designed a better example of how corporate giveaways tend to result in a lousy return on investment than today's news that Canada's banks will pocket half of a Bank of Canada interest rate reduction intended to keep the economy afloat?

Update: Not surprisingly, Layton is now pointing out the move.

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