Baraka_Guru

This is all quite mind-boggling to me. It's difficult to get my head around the sheer numbers, and to even speculate at the overall impact this is having on the system.

It's quite the opposite scenario here in Canada, which is a major part of the problem for me. Canada had no bank failures in the Great Depression, and we had no failures in this crisis. Actually, members of the Big 5 banks are looking at record profits.

Canada Deposit Insurance Corporation - Wikipedia, the free encyclopedia

I don't know if much of the blame in the U.S. can be pinned on the deregulation orgy of the past couple of decades, but I will say I'm all for balanced regulation of banking as you see it here in Canada.

I guess the question I have is, will the American system move toward this kind of regulation? And will it help prevent future failures such as these?

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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön

Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot