Now groups like the Canadian Community Reinvestment Coalition aren't calling for more capital to be loaned to small businesses because they believe in a freer market, they simply want someone to spend more money on things that the coalition believes in. The coalition's Duff Conacher, who is obviously not an economist, says that if banks made more capital available to small business, unemployment would be reduced. Apparently those qualities make a better politician than a businessman, or Ianno would still be using that alleged expertise. Ianno also believes that business should be 'encouraged' to meet a ratio of one-third of their corporate commercial loan portfolios being loaned to small businesses. If it isn't loaning money to small businesses, banks are also being excoriated for not giving enough to charity.
Banks have a social duty, says the piece, to return part of their money back to the community.
Smith is also a warning to parents who believe their children come back better education when they head off to university. Take a note to the president, says our Tesher, the next time you go to the bank. Of course, to Tesher, ineffective money spent by government should be matched by ineffective money spent by business. Of course, it's not just banks that hear the cries of outrage over profit. This year it's Microsoft.