Quote:
Originally Posted by Migrant_Coconut
Doesn't pillaging involve taking things for free? Usually with coercion? Neither is the case here.
If you're asset-rich and cash-poor, that's much a much worse outlook than the other way around.
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You should have been the BC Liberal spokesperson when they were making the same case for their dividend checks!
FYI if that's your definition of pillaging, then this is by definition pillaging. Unless you think ICBC has a choice in this sale, the province is quite literally undervaluing ICBC's asset in order to extract that free value through a forced sale (in the least charitable terms).
Feel free to make the argument that ICBC is in a stable enough financial state to allow the province to extract some surplus value, but it's silly to say that BC is
actually improving ICBC's balance sheet through this sale.