Re: Do They Live In The Real World?
I'm very surprised that your banking system is as unregulated as it is. Canadian banks, regulated by the Bank Act and the Bank of Canada are rock solid ... none of the major Canadian banks got into ninja loans .... problem here, is that the banks are being a little too tight with the purse strings, and our governments are encouraging them to loosen up a little .... we are going to survive this recession with much less pain than the yanks and you guys; and when it is all over, the resources that underpin our economy ... oil, natural gas, uranium, potash, lumber, wheat, minerals of all kinds in abundance .... will still be there. If there is one thing that this meltdown has revealed, it is that businessmen can't be trusted to run business without govt. regulation ...
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