On Sat, 10 Jul 2010 12:26:20 -0600, Canuck57
wrote:

On 10/07/2010 9:36 AM, bpuharic wrote:
On Sat, 10 Jul 2010 08:56:24 -0600,
wrote:


funny that the canadian economy is in better shape than the US
is...due to its 'socialist' regulation of banks...

Only because we are resource based.

we got resources too in case you haven't noticed. and you had those
resources BEFORE wall street stole the economy.


One thing that helped no liberal will talk about is Canadian mortgages.

one thing no conservative will talk about is how canadians dont
believe in socialism for the rich.

Generally people in Canada have much more equity in their homes than
do Americans and it isn't as easy to toss the keys to the bank here.

IOW you have more banking regualtion...more socialism.

thanks. we already knew that

Much harder to get a loan here if you are a debtor freak. 10% down is
about as low as you get and a 2% or is it 2.5%? goes to CMHC insurance,
but insurance isn't required if you drop 25% or more down. CHMC will
not do investors, just primary residences.

more socialism. more govt regulation. thanks. i already knew that


While consumer debt and total civic/provincial/fed government debt is at
least as bad, the stability is there. Plus Canadian government did
assume $75 billion of bad paper from the banks. About proportial to the
original TARP.

that's because your banks were more regulated than ours. they couldnt
sell CDO's like our banks did

you have more govt regulation


I would not say socialism, I would say conservatism

govt regulation is 'conservatism'? really? since when?