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Canada Versus the United States

Canada Versus the United States

avatarthumbnail.jpgMy good friend “Sheila” sent me this one a couple of weeks back; didn’t have a chance to do anything with it then but now that it’s late and I haven’t posted and I’m out of good ideas thanks to the Slumdog Millionaire soundtrack echoing in my head, I thought I’d share with you.

From Newsweek … The Canadian Solution.

One tidbit I found interesting:

So what accounts for the genius of the Canadians? Common sense. Over the past 15 years, as the United States and Europe loosened regulations on their financial industries, the Canadians refused to follow suit, seeing the old rules as useful shock absorbers.

Not just friendly folk but also sensible folk … no wonder we’re hooped in comparison.

[tags]Phoenix real estate[/tags]


  • Bad financial decisions are indeed one of the reasons for the current economic situation here in the U.S. Let’s hope the situation doesn’t last much longer.

  • Nikki Simon says:

    I recently read an article by Paul Volker, former Reserve Board Chairman in which he touts the Canadian banking industry. It is indeed bad financial decisions by the banks to purchase “D” paper packaged with “A” paper.

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