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Canadian banks "safest", or why deregulation is not good...

Thread starter David Votoupal
Start date Jun 10, 2009

David Votoupal

Well-Known Member

Jun 10, 2009

From last year but good reading nonetheless: http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20081009/canadian_banks_081009/20081009?hub=TopStories

Also shows you why excessive deregulation is a BAD thing.

The World Economic Forum ranked Canada 1st and Australia 4th. Luxembourg, Denmark and Sweden rounded out the top 5.

Germany (39th), USA (40th), UK (44th), and Japan (93nd- worse than some developing countries) all scored very poorly for bank security in comparison- considering that Senegal, Chile and South Africa all ranked higher, and that El Salvador and Peru ranked even higher than the UK. No kidding! Search for "soundness of banks" here.

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