Banks gouging Canadians with rate hikes, Layton says
NDP Leader Jack Layton attacked the banks today, accusing them of jacking up interest rates to pad their record profits and executive salaries at a time when consumers can least afford it.
At rallies in Vancouver and here, he drew attention to a headline in the Globe and Mail stating: Banks hike rate to the very retail customer that have helped them avoid a U.S.-style meltdown.
"They are going after you folks," Layton said told an afternoon rally.
"The banks are going to gouge consumers even more in order to keep their record profits and their sky-high CEO salaries in place," he said.
Layton told the partisan crowds it's time Canada had a prime minister who "stood up for the bank customers instead of just the bank."
Never mind if there is any validity to what Layton is saying, could you choose a more untimely day to declare war on Canadian's financial institutions? Breathtaking. What kind of bizarre signal is Layton sending to instill confidence that he understands the current circumstance? There's a TIME AND A PLACE, and yet the NDP highlights this angle to sell it's agenda.