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 OneRiot, Paul Krugman, Opinion Source, New York Times (Opinion), AllTop, New York Times (Most Emailed)

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Chris Finnie
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 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.

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