re: #4 Obdicut

Oh geez, Dark. Please don’t try that.

Why is Canada weathering the crisis so much better than us, with their much-more-regulated banking industry?

And I thought private industry led, that it innovated, that it drove the market. The recent right-wing perspective seems to be a financial industry that’s completely reactive, that will never invest in anything before it’s safe. So who leads the way? Government?

You can’t expect hated people to lead the way in a bad economic climate. Especially when you have protesters demanding changes as well. Moreover, they still don’t know if the housing market has stabilized.

So the banks may have cash on hand, but their risk exposure is often too high to lend much of it out. That cash is being held in reserve until the risks are reduced.