text: The Canada Council Art Bank is a good example of how the Federal Government wastes money.
  
  The Federal Government is the customer that rents the vast majority of art from that building, very little is rented by private companies.
  
  And the rental fees are high: You sign on to a two year agreement in which time you pay about 20 percent the appraised value of the piece.
  
  What a way to burn money. If the Federal government simply bought the art outright, it would pay no rent and, after ten years, would be saving money every year forward, indeed saving the price of the piece every ten years.
  
  That is what most private businesses do that want art on display, they buy it. But then private businesses do not have an endless supply of taxpayer money to burn...