February, 05 , 2010

Bankers put "political interference" at the very top of the list of financial risks to the banking industry on a global basis. In Canada, "credit risk" was No. 1, while political interference" and "too much regulation" were fourth and fifth, respectively.On an international scale, let's not forget why banks had to be rescued in the first place; it appears that as a result of the global economic upheaval, that usury has replaced greed.

Medieval feudalism is alive and well in the 21st century; only now, our bankers have assumed the role of the feudal lords. Small business entrepreneurs, farmers, fishermen plus a significant portion of generation X and Y work full-time as "vassals" to their economic feudal lords managing only to pay the interest on their maxxed out" credit cards or those entrepreneurs and farmers remain in business until such time as their business or farm has to be re-financed or forfeited.

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