[dennisw]

I prefer the Canadian way of banking any day. I don’t see any derivatives or CMOs up there. If they have them then it is very small

[mbraynard]

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?

[mbraynard]

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