That shouldn't surprise, given that we are not seeing the same level of chaos in our banking industry as is so evident in our neighbours to the south.
And yes, I'm fully aware that the Canadian government is injecting $25 billion into our banking system by buying various secured assets from them. But we haven't had any spectacular Freddie Mac / Fannie Mae / WaMu flame-outs, and $25 billion is a hell of a lot better than $700 billion, not to mention what the Euro-banks are putting up.
That they had that pasted up is not a surprise either - too many people get all their information from the evening news, and assume that if the US banking sector is completely bent, then the Canadian sector must be just as bad off.
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timeasmymeasure
No real surprise, actually...
Date: 2008-10-14 06:15 pm (UTC)And yes, I'm fully aware that the Canadian government is injecting $25 billion into our banking system by buying various secured assets from them. But we haven't had any spectacular Freddie Mac / Fannie Mae / WaMu flame-outs, and $25 billion is a hell of a lot better than $700 billion, not to mention what the Euro-banks are putting up.
no subject
Date: 2008-10-14 06:57 pm (UTC)Go Luxembourg and Sweden!
no subject
Date: 2008-10-14 08:36 pm (UTC)no subject
Date: 2008-10-14 09:42 pm (UTC)no subject
Date: 2008-10-14 09:43 pm (UTC)