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The Great Solvent North (Canadian banks "soundest in the world")
NY Times ^ | Published: February 27, 2009 | THERESA TEDESCO

Posted on 03/02/2009 4:17:10 AM PST by dennisw

Edited on 03/02/2009 4:46:49 AM PST by Admin Moderator. [history]

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To: dennisw
You know what you are talking about.

Not only do Canadian banks own and handle derivatives and CMOs, they and almost all other banks are required to use derivatives in order to attain stability.

Yes, see, like HANDGUNS, derivatives can be a great tool to balance risk. And like HANDGUNS, they can be mismanaged.

What it comes down to is whether or not you support economic freedom or the inane notion that, somehow, a politically-driven federal agency can better manage a market than the people who work and invest in it.

HINT: it was politically-driven federal interference that caused the problem we face now. Effing LEARN something once in a while, k?

21 posted on 03/02/2009 9:06:37 AM PST by mbraynard (You are the Republican Party. See you at the precinct meeting.)
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To: dennisw

Actually - that’s “you don’t know what you’re talking about” as the first line. Typo.


22 posted on 03/02/2009 9:08:00 AM PST by mbraynard (You are the Republican Party. See you at the precinct meeting.)
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To: dennisw
>>>>Canada is too socialist for me but they got the banking part right. Our bankers and Wall Street’s investment bankers simply cannot be trusted with large sums of money. Greed takes over and they run wild. Dragging down our economy and being bailed out because they are too big to fail

Yes, you are exactly right.

23 posted on 03/02/2009 10:49:40 AM PST by Thorin ("I won't be reconstructed, and I do not give a damn.")
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To: 1rudeboy
Every so often I run into someone here in Panama who says that they have a relative that lives in the US and they ask if I know them --they can't imagine how much the US is bigger than Panama.  Same with Canadians.  

Canada has a little more than a 10th of our population and it's economy is a little less than a 10th.  Their wanting to tell us how to run our economy is like some kid on a tricycle trying to tell a pilot how to fly an airplane.

24 posted on 03/02/2009 11:24:40 AM PST by expat_panama
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To: dennisw
Canada is too socialist for me.......

Americans just elected the great socialist as President and a congress that Stalin could have worked with. They are redistributing the wealth of America and setting in place the bankrupcy of the nation for the next 50 years and going to send corporations fleeing from the US, while working to silence conservatives and fix the next election....and you say Canada is too socialist? Glass houses, dennisw!

See you in the bread line comrade.

25 posted on 03/02/2009 11:26:47 AM PST by free_life (If you ask Jesus to forgive you and to save you, He will.)
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To: mbraynard
Not only do Canadian banks own and handle derivatives and CMOs, they and almost all other banks are required to use derivatives in order to attain stability.

Then they din't go crazy with them the way AIG did, the way Wall Street did the way our bankers did
And due to the Canadian system they couldn't even if they wanted to

Kind of amusing to see your phony libertarian flailing against what this article calls the "soundest banking system in the world"   Knock yourself out buddy!

Oh...and your tax dollars are paying AIG another 30 billion today because if AIG goes down it will drag down others due to their involvement with AIG credit default swaps

26 posted on 03/02/2009 1:39:38 PM PST by dennisw (Archimedes--- Give me a place to stand, and I will move the Earth)
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To: Thorin

Thanks I am paleo same as you. Somehow for years and years the USA got along just fine without derivatives


27 posted on 03/02/2009 1:44:34 PM PST by dennisw (Archimedes--- Give me a place to stand, and I will move the Earth)
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To: LucyT

Ping Piggy Bank


28 posted on 03/02/2009 8:01:25 PM PST by Candor7 (Fascism? All it takes is for good men to say nothing, ( member NRA)
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To: dennisw

Thanks for the Ping Dennis


29 posted on 03/02/2009 8:02:16 PM PST by Candor7 (Fascism? All it takes is for good men to say nothing, ( member NRA)
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To: Candor7

Canada -— your second home :)


30 posted on 03/02/2009 11:45:29 PM PST by dennisw (Archimedes--- Give me a place to stand, and I will move the Earth)
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To: dennisw

Soon to be first the way things are going.


31 posted on 03/02/2009 11:52:28 PM PST by Candor7 (Fascism? All it takes is for good men to say nothing, ( member NRA)
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To: Candor7

One good thing about the cold weather... It keeps out the riff raff


32 posted on 03/03/2009 12:07:10 AM PST by dennisw (Archimedes--- Give me a place to stand, and I will move the Earth)
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To: dennisw
One good thing about the cld, But then why should I not move to Victoria BC?LOL.

I think the time is coming to move back home to my native Saint John River Valley in New Brunswick.

Things appear to be heading for the nasty side of crazy here.

33 posted on 03/03/2009 12:17:33 AM PST by Candor7 (Fascism? All it takes is for good men to say nothing, ( member NRA)
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To: dennisw

If Obama continues on his course unchecked, it is possible that Canada could surpass the USA before too long.


34 posted on 03/03/2009 7:28:16 PM PST by Grig ( Obama will do for socialism what Clinton did for porn)
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