Posted on 02/23/2022 7:39:31 AM PST by PJ-Comix
What an embarrassment for the Son of Fidel and his very jumpy sidekick! After grandly announcing that protesters' bank accounts would be frozen they had to BACKTRACK completely just days with the announcement that those bank accounts would be unfrozen. Why? Not because they were enlightened about human rights but because their dopey decision caused a financial crises in the Canadian banking system.
Because this was making the banks look very bad from the get go.
PING!
“Too many drugs?”
A radical leftist with far too much hubris.
That is redundant, I know.
More likely that it would cause the opposition parties to want to go an election, regardless of whether they had money or leaders.
Maybe someone woke up to find a moose head in their bed, eh?
If you examine the law (how it was designed)...it was left entirely to the bank to act (no judge, no prosecutor paperwork, etc).
I suspect that around the 2nd/3rd day of this...some clients said fine...we are going to court for breach of promise, with the original paperwork done to get an account. The banks probably went to the government and said ‘what have done to us’.
It gave powers to bank, which they never asked for or wished for.
Now that protestors bank accounts will be unfrozen, it will be much easier for them to withdraw their money and invest elsewhere.
The left is schizoid. Either they do things and never consider the ramifications further out than 5 minutes, OR they are doggedly trudging along to implement some 50 year plan to install socialism or destroy traditional values.
I haven't heard about this - but then again, American mainstream media is bad, and when it gets to foreign countries, its complete and utter propaganda. Canadian state-run media is certainly avoiding the topic also
Kanadian banking is now branded as untrustworthy and will be reduced to transaction processors.
if you start freezing peoples money in their 0% interest bank accounts. They will simple not put the money into a bank account!
And that would destroy the banks and collapse the entire financial system.
Has there been a run on banks, either physical or just doing electronic transfers to non-Canadiam banks? Or is this just our side being hopeful that those supporting Trudeau will be punished?
How does this stop the banking crisis? If my funds were frozen and then unfrozen, does anybody think I’d leave my funds in the bank?
It’s amazing how leftist can’t see how bad this looks to everyone else.
And how bad this is for everyone else doing business in,or with, Canada.
Please Lord let this be true and the actions of free oppressed people be seen and heard. Let this change those hardened hearts and bring peace and respect for their citizens.
They always overstep. ALWAYS.
There has actually been a lot of media and others denying even the hint of a back run happening in Canada over the last few days.
“their dopey decision caused a financial crises in the Canadian banking system.”
—
How so? I mean in real terms - was there a run on bank deposits or the like? I hadn’t heard about any blowback of consequence.
I can’t imagine the financial institutions give a whit about looking bad - scruwing people over is feature, not a bug, for them.
Jordan Peterson’s comment was that it will take a long time (20 years? A generation?) for people to regain trust in the Canadian banking system, and he’s probably right.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.