The cover story for the current issue of Canadian Business is “Canada’s Banks Under Fire.” Cover caption is “Why we’re about to pay for America’s mistakes.” Long story, pages 24-29. All about Volcker rule and Basel III.
Not one single word about FATCA. Not one single word about current attempts to harvest revenue from hundreds of thousands of tax-compliant Canadian residents.
One of the best bits is a quotation from Ian Lee of Sprott School of Business: “There’s a casual carelessness from American government officials about the impact of their decisions on people outside of their country. They just shrug their shoulders.”