Bank of Canada, assets and liabilities, Wednesdays
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Michael Atkins
For some odd reason a 1:1 ratio of assets and liabilities exists.
Scott Duncan
It would be ILLEGAL, otherwise.
Scott Duncan
LEGALLY the government is a PRIVATE PERSON ACTING as a TRUST. They cannot PROFIT.
Scott Duncan
Any PROFIT must be returned.
Michael Atkins
That's how a proper public benefit corporation is meant to be run correct?
Scott Duncan
It SHOULD be, ethically, but you only need show the corporation "benefits" the public as set out in its mandate. That's IF anyone with standing chooses to call the Public Benefit Corporation to account..which rarely happens.
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Michael Atkins
Scott Duncan
Scott Duncan
Scott Duncan
Michael Atkins
Scott Duncan