Someone better sit Flaherty down and give him a lesson on principled conservative positions. A Conservative government (or any government for that matter) shouldn’t be running around telling business how to conduct their affairs,
OTTAWA – Jim Flaherty, the Finance Minister, has asked for a “direct” answer from the CEOs of the country’s biggest banks regardintheir g ATM fee regime.
A direct answer should be, “mind your own business.” How much banks charge for services isn’t the business of government.
“The banking association said they would be continuing doing business as they do,” Mr. Flaherty told reporters after the committee meeting. “I told the bank [CEOs] that I want them to have another look at it.”
Mr. Flaherty said the goal from this ATM fee exercise is to ensure Canadians benefit from “competition and choice” from the country’s financial services sector. “I am pleased that –after looking into the issue — that I have found there is substantial competition given the network that some of the credit unions have put together.”
If Flaherty is pleased that there is “substantial competition” due to a large network of credit unions, why is he spouting off on this issue?