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Wookie · 05-12-2010, 08:22 AM

I'm wondering if it has something to do with Canadian banks not needing a bailout by the government.

I could be completely out to lunch - but assume the US is below us. What were they before everyone walked on their house/debt/car and the US government had to assume all that bad debt from the banks?

If we're all 40k in debt and we start walking on lets say 3/4ths of it. Suddenly we're only 10k in debt.

Suddenly the government has to step in and take on 990 billion in bank "assets" which have essentially gone bad.

Maybe then we look a lot like the US/UK and whoever else?

05-12-2010, 08:22 AM	#902
Wookie Chick Magnet Join Date: Oct 2001 Exp:	I'm wondering if it has something to do with Canadian banks not needing a bailout by the government. I could be completely out to lunch - but assume the US is below us. What were they before everyone walked on their house/debt/car and the US government had to assume all that bad debt from the banks? If we're all 40k in debt and we start walking on lets say 3/4ths of it. Suddenly we're only 10k in debt. Suddenly the government has to step in and take on 990 billion in bank "assets" which have essentially gone bad. Maybe then we look a lot like the US/UK and whoever else? Last edited by Wookie; 05-12-2010 at 09:26 AM.