Quote:
Originally Posted by aceventura3
It is interesting that the industries that are the most heavily regulated by governmental entities are the ones in the most distress, i.e., banking, and auto manufacturing. Government thinks more government is the answer. Scary isn't it?
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It is lack of regulation that led to the banking disasters in the US.
In Canada, there are much fewer banks, more regulation, but no Canadian bank will fail. The concept is virtually unheard of here, while US banks fail constantly.