Quote:
Originally Posted by Fozzie_DeBear
Agreed...outlawing a government deficit? s-m-r-t Klien. Farmer Ed may have to adjust this legislation.
I haven't heard anything about Canada's banks being anywhere close to being nationalized...relatively speaking Canada's banks are in better shape than most. What pisses me off is hearing that the majority of money given to US banks was kept for M&A or improving their balance sheets (to ensure that they can ride out the recession)...not much made its way into improving access to credit.
|
No they aren't, they're quite healthy apparently. I just meant that spending that much suggests that we are pooched like some of these countries that do have to do that.
Farmer Ed probably voted to outlaw deficits. He thinks it was a good idea. He also thinks pooching the oilpatch and slashing healthcare workers and other high education government jobs are smooth moves too.
Of course Fozzie, easy access to credit is what got the US into the situation its in now. Maybe the banks there should be a little tighter with their money, like the Canadian banks are.