Accrington Web - View Single Post

Eric · 28-01-2009, 19:56

Seems like what you guys need is a properly regulated banking system ... if unregulated and irresponsible banks can screw up an economy .... if fact, like the US banks a lot of economies, they should be subject to govt. regulation and scrutiny. And that scrutiny should be rigourous and constant. Canadian banks are rock solid; and this is one of the reasons that we will probably avoid the worst of this economic crisis. We have been running budget surpluses for a few years now; and the projected deficit for this year is only around $24 billion .... and most of this is for govt. funded projects to offset what is still only an economic "downturn".

28-01-2009, 19:56	#8
Eric God Member Join Date: Feb 2007 Location: Kingston, Ontario, Canada Posts: 9,290 Liked: 2347 times Rep Power: 58528	Re: Bailing Out Banks Seems like what you guys need is a properly regulated banking system ... if unregulated and irresponsible banks can screw up an economy .... if fact, like the US banks a lot of economies, they should be subject to govt. regulation and scrutiny. And that scrutiny should be rigourous and constant. Canadian banks are rock solid; and this is one of the reasons that we will probably avoid the worst of this economic crisis. We have been running budget surpluses for a few years now; and the projected deficit for this year is only around $24 billion .... and most of this is for govt. funded projects to offset what is still only an economic "downturn".