[Perfect segway to repost here.]
Regarding FDR, I used to think that the only good thing he did economically was to reform the banking system. Guess what? He messed that up too. Recent reforms are only compounding the problem.
Canadian Banks vs. US Banks
Mark Stein recently said that Canadian banks are doing much better than US banks because they aren’t being regulated as heavily [and not coerced into risky loans]. Google research revealed something almost as intersting:
Related ...
Great Depression:Not A Single Canadian Bank Failed
http://mjperry.blogspot.com/2008/09/great-depression-not-single-canadian.html
“The McFadden Act of 1927 specifically prohibited interstate branch banking in the U.S. ... The strict regulatory framework of the McFadden Act created a delicate and fragile banking system ... 9,000 banks failed ... In Canada, where not a single bank failed, branching was the rule; in fact, Canada had only ten large banks during the 1930s ...
Also ...
http://journals.cambridge.org/action/displayAbstract;jsessionid=1D7B4346531D5F93CA43915FE08A3FAD.tomcat1?fromPage=online&aid=1704928
“American system collapsed; and there have been no major bank failures in Canada ..... such as diversifying portfolios and demanding collateral for risky loans, ... But the relative freedom of Canadian banks, compared with the United ..... compare in intensity with the more serious crises in the United States. ...”
Brushing off some links from my bookmarks:
’ ‘ ‘ 1 1 1 AYERS —— Link Page [Terrorist friend of Obama]
http://www.freerepublic.com/focus/f-chat/2111988/posts
’ ‘ ‘ 1 1 a a Website of Obama’s Friends [RNC funded]
http://www.barackbook.com/
’ ‘ 1 1 a a Oct 14 Link List of Obama’s friends
http://www.freerepublic.com/focus/bloggers/2105077/posts?page=10#10
1 1 a a Obama’s Illegal Fundraising Methods, Misuse of Tax Exempt Money, Reinforce ACORN Scandal
http://www.freerepublic.com/focus/f-news/2108338/posts
aaa Barack Obama List of Acquaintances
http://www.freerepublic.com/focus/f-chat/2105934/posts
111 Election Link list [early October]
http://www.freerepublic.com/focus/news/2099816/posts?page=31#31
111 The Timeline Project / Link List of Bailout History
http://www.freerepublic.com/focus/f-bloggers/2093845/posts
111 Web Archives: Obama Was Member Of Socialist ‘New Party’ In 1996
http://www.freerepublic.com/focus/f-news/2100378/posts
aa Media Bias Grab Bag List
http://www.freerepublic.com/focus/f-news/2086961/posts
aa Never forget that the New York Times [the Slimes] rejected McCain’s Op-Ed
http://www.google.com/search?hl=en&as_q=McCain+mirror&as_epq=New+York+Slimes&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images
aaa Obama Sued CitiBank To Force Them To Make Bad Loans (Flashback 1995)
http://www.freerepublic.com/focus/f-news/2099816/posts
Actual Legalese of O’s ineligability in Certifigate
http://www.freerepublic.com/focus/f-news/2317625/posts
Al Gore sued by over 30 Thousand Scientists
http://www.freerepublic.com/focus/f-news/2289543/posts
All That Darned Conservatism [exposing the lies repeated about conservatives]
http://www.freerepublic.com/focus/f-news/2102299/posts
America 60% conservative 30% liberal
http://www.freerepublic.com/focus/f-news/2068181/posts
American Medical Association backs House health bill — without reading it
http://www.freerepublic.com/focus/f-news/2294209/posts
Barack Obama may subject US troops to International Criminal Court
http://www.freerepublic.com/focus/f-bloggers/2200912/posts
bbb Biden Says Corn Syrup And Coal More Deadly Than Terrorism
http://www.freerepublic.com/focus/f-news/2095121/posts
bbb Secret Service visits Lufkin woman after ‘death threat’ allegation from Obama volunteer
http://www.freerepublic.com/focus/f-news/2100115/posts
ccc Lee County Sheriff Scott’s ‘Hussein’ reference sparks federal probe
http://www.freerepublic.com/focus/f-news/2100217/posts
ccc NUTS!; HOW ACORN GOT ME INTO VOTE SCAM (fake names registered 72 times)
http://www.freerepublic.com/focus/f-news/2101228/posts
College prof: Christian crosses like swastikas
http://www.freerepublic.com/focus/f-news/2409857/posts
Fistgate VII: O Czar Scandal
http://www.freerepublic.com/focus/f-bloggers/2407165/posts
Gag The Internet! An Obama Official’s Frightening Book About Curbing Free Speech Online
http://www.freerepublic.com/focus/f-news/2290577/posts
Israel PM Netanyahu’s Address to UN 64th [Nailed It !]
http://www.freerepublic.com/focus/f-news/2347967/posts
Michael Crichton: Fear and Complexity [State of Fear + Why Politicized Science is Dangerous
http://www.freerepublic.com/focus/f-news/1551707/posts
Navy SEALS May Go to Prison for Giving a Fat Lip to Islamic Terrorist
http://www.freerepublic.com/focus/f-news/2394743/posts
Pro-Life Senator Tom Coburn, Under Fire for Delivering Babies For Free
http://www.freerepublic.com/focus/f-news/2058325/posts
Secret Meeting to Plot Global Abortion Strategy Exposed - UN Personnel Present
http://www.freerepublic.com/focus/f-news/2062585/posts
Sotomayor and Terrorists
http://www.freerepublic.com/focus/news/2290380/posts?page=11#11
Terror-Linked Migrants Crossing Into U.S.
http://www.freerepublic.com/focus/f-news/1435474/posts
Texas execution violates international law [World Criminal Court]
http://www.freerepublic.com/focus/f-news/2059718/posts
The ABA Plots a Judicial Coup
http://www.freerepublic.com/focus/f-news/2062034/posts
The Left and Plans for “Nuremberg-Style” Tribunals for Bush Administration Officials
http://www.freerepublic.com/focus/f-news/2057819/posts
The Timeline Project [ Fannie Link Meister Page ]
http://www.freerepublic.com/focus/f-bloggers/2093845/posts
Turban Durbin Amendment Attacks Free Speech on Radio
http://www.freerepublic.com/focus/news/2194771/posts?page=49#49
U.N. Agency Calls for Teaching Children 5-to-8 Years of Age about Masturbation
http://www.freerepublic.com/focus/f-news/2323869/posts
US Relinquishes Control of Internet
http://www.freerepublic.com/focus/f-news/2353887/posts
Venona, Hiss, the Pumpkin Papers, and More MUST KNOW INFO
http://www.freerepublic.com/focus/f-news/1513295/posts
Why Did So Many People Hate Bill Clinton? An Exchange Among Conservatives
http://www.freerepublic.com/focus/f-news/1449891/posts
Thank you Arthur, for another excellent contribution!