Why Ask Me

With lots of time to read, news, analysis by reporters, economists etc. a couple of things stand out to me 

I am becoming increasingly concerned at the news coming out of Halifax today of People with Mortgages approaching their Banks for help and being refused , Blown off and ignored.

Publicly banks are saying they will help with deferments and interest only payments etc what ever they can to help people and business affected by this crises  ----  Classic Trickle Down Theory, The Wealthy (Banks) will help in Societies Time of need

The trickle down theory  (Regan\Thatcher) believes that government should invests in the wealthy through tax breaks , investing in large business while reducing Government supports  to support Society because Large business will build safeguards through growth, this theory as a whole is about to be tested again .

Remember when Banks caused the last crash and massive bailout were required in 2008  Billions of taxpayer dollars directly to banks and Investment Firms , even then millions of people  lost homes and life savings but it worked?? , Banks and investment firms  survived , stocks rebounded Billions were made by Banks and Investment firms, Billions ++++Trillions.  Then the Trickle down supporters took over again , Governments were once again asked to become smaller, cut taxes, programs and let Banks and Investment firms create wealth because it will make Society stronger .  OK it worked Banks and Investment Firms are Stronger 

Jan 2020  ------Banks, Investment Firms are wealthy beyond anything in History, the One % is creating personal wealth at an unheard of rate 

Covid 19---------

Government\Taxpayers are once again asked to step up, Trillions world wide , 85 Billion in Canada ----- Society is stronger "Right?" we the tax payer stepped up in 2008 , trickle down would make Banks and investment firms more in tune with their responsibilities to the Society as a whole in 2020 "Right?"   

Market crash, Massive selloffs computers moving massive amounts of cash in and out of the market causing 7% shutdown protocols to kick in over and over , (Remember in-order to sell, someone must be buying the 1% has the cash? Would Banks, investment firms dare use this opportunity to make more money instead of helping ???

Deferrals of debt, Mortgages, interest is within the capacity of the Banks, Investment Firms, step up , its time |Because --------------

-Government\Taxpayers and individuals are stepping up Banks and Investment (Mortgage Firms) had better start stepping up to help they have made BILLIONS on the backs of the taxpayer bail out in 2008 if they don't step up this time I do believe we will see a fundamental change in how we prepare for future crisis --------  Maybe when this is over Profits not Promises will be taxed at a fair rate to insure we can weather these storms in the future

But of course this is just my opinion