I am so glad that the Canadian govn't never bailed out our banks here during the economic downturn last year (which is still hanging around now).

But then Canadian banks were not in as deep financial trouble as the U.S.-grown banks simply because our federal govn't strict legislation on the banking industry. The Canadian banking execs. are probably still getting their annual bonuses..but there's no bailout money from Canadian govn't for them.

I know people have said that less legislation is better to do business. I disagree when there isn't protection for the consumer's/public's personal finances, mental health and physical safety/physical health.
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