“Overall, 62 percent of those polled back new, tougher federal regulations on the way banks and other financial institutions conduct their business, but that’s down from 76 percent a year ago.”
huh? wha? down 14 points?
I point those of you who have changed your minds to this quote from Paul Krugman:
“…And so it is with finance. Those who think that “too big to fail” is the essence of the problem have to explain why Canada, with basically just five banks, has avoided crisis…
So what’s Canada’s secret? Regulation, regulation, regulation.”
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