Friday, October 29, 2010

Canada's toothless regulators

Yes you, OSC
Yes you, BCSC
Yes you, ASC

David Baines does his normal wonderful job of work in this report, entitled "Where have all the regulatory lions gone?" looking at the toothless regulatory bodies that are supposed to keep the Canadian mining scamsters in check but, as ever, are found to come up woefully short. Please read the whole article because every word counts, but here at IKN we'll just extract the last line of Baines' report because it resounds on so many levels. The "lions" he refers to are the regulatory boards and its staff. In Texan English, it would translate as 'All hat no cattle'.

"My goodness, where have all the lions gone? Underneath the roar, there really isn't much bite."

DYODD, dude.