Baraka_Guru

What are you talking about? Only two bank failures since 1923 (two small regional banks in the '80s)? Maybe the almost negligent default rate (a fraction of a percent vs. the nearly double digits in the U.S.)? Or is it the laws against strategic defaulting (not allowed/doesn't happen)? Maybe other mortgage regulatory practices (e.g. mandatory mortgage insurance for insufficient down payments)?

Actually there's more to us than banking. If you look more closely, you will see a balanced regulatory environment across the entire economy. We do have a few things to work on (e.g. the tar sands), but, generally speaking, our stability comes from our long tradition of "government meddling" and "nanny statism."

__________________
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