Bank Bonuses Rise Amid Economic Crisis: Nationalize Them Under Workers’ Control!

After laying off 4,664 workers, Canada’s top six banks have recorded a combined profit of $35 billion and set aside a bonus pool of $12.5 billion for their executives at the end of 2015. It has become evidently clear that Canada’s bankers have not felt the pain of the economic crisis the same way as the working class and impoverished. According to a new report by Bloomberg, a prominent financial information company that analyzed the findings, the 4,664 job cuts at the six banks was the most in six years. The firings,… Read More