[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?

[dennisw]

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