Quote:
Originally Posted by Johnny Makarov
This is such a myth, I made 2 posts in the past 2 weeks about it in the Cdn Federal Politics thread. If you want to thank anyone for that, THANK Paul Martin! The only people who shouldn't be thanking him are the Mainland Chinese investors. They would have gotten their Vancouver/Toronto properties at 60% off.
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I don't disagree with what you're saying. However, it also needs to be taken into account that the global trend was for de-regulation, and that's what led to the global crisis. Leaders around the world were outbidding each other with more and more lax securities rules. Harper keeping Canada out of that race to the bottom required very reasonable decision making. In other words, it wasn't just about making new regulations, but keeping existing regulation in place in the face of extreme pressure to lift those regulations.