The 'bad' regulations were the bills eliminating Glass-Steagall, and allowing derivatives to be less regulated.<quoted text>
You fail to understand that there are good regulations and bad regulations. When it comes to our government they keep making bad regulations that interfere in the market.
Even Alan Greenspan was humbled by the meltdown, and recognized that wallstreeters sunk our economy because of little government oversight. He admitted that the meltdown shook his libertarian belief that the 'free market' will always work fine. That Fed Chief was a member of libertarian Ayn Rand's inner circle.
That's correct.< The Canadian banking system wasn't hit by the recession, at least not to the extent that we were, and some say that their regulations prevented the financial bubble hitting their economy.
That's unbelievably wrong, and directly contradicts your previous sentence.< The Canadian government is also not in the business of trying to tell banks to lend to those who cannot afford it.
As I showed in other posts, the Canadian banks are far more regulated than ours-- in fact, that's WHY they weren't hurt by the meltdown like we were.
Do you just make this stuff up as you go along?