re: #41 Aceofwhat?

tell me you aren’t financially illiterate enough to think that “regulation” or the lack thereof had anything to do with the recent financial collapse, or that Democrats had been prescient enough to have been calling for the magic bullet that would have prevented said collapse.

The “magic bullet” that would have prevented said collapse (or at least made it far less awful) was for the US to have the same kind of banking system as Canada:

Safety and soundness

There have been very few bank failures in Canada, which is widely acknowledged as having one of the safest and soundest financial sectors in the world. Two small regional banks failed in the mid-1980s, the only such failures since 1923. The soundness of the Canadian banking industry was demonstrated when it absorbed the debt difficulties of the less developed countries in the early 1980s and the decline in real estate values a decade later without experiencing any systemic problems.