Good and Boring

New York Times by Paul Krugman | Feb. 1, 2010 (Opinion)

We can learn from Canada’s regulatory habit of limiting the risk and leverage banks can accept, which helped protect that country from recessionary fallout. Full Story »

Posted by Chris Finnie - via Paul Krugman, OneRiot, New York Times (Opinion), New York Times (Most Emailed), AllTop, Opinion Source

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Subjects: World, U.S., Business, Living
Topics: Canada, U.S. Economy, Finance, Housing
Member Tags: banks and banking, subprime mortgage crisis, law and legislation
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# Diggs: 34 (as of 2010-02-01)
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Posted by: Posted by Chris Finnie - Jan 31, 2010 - 10:16 PM PST
Reviewed by: Chris Finnie (review), Randy Morrow (review)
Content Type: Article
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Edited by: Dwight Rousu - Feb 1, 2010 - 3:37 PM PST

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Chris Finnie
4.0
 by Chris Finnie - Feb. 1, 2010

Krugman fails to note that Canada also had less growth. So there's something in their financial system that seems to blunt both ends of the swing. I'm not sure if this is it. But he still makes a good argument for different banking rules.

Chris posted this story.
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Randy Morrow
4.7
 by Randy Morrow - Feb. 2, 2010

Dr. Krugman sees Canada's banking system as one the US should emulate.

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