What is Digg?608 Comments
- cheapotheclown, on 11/13/2008, -17/+466Probably cause they don't spend billions invading other countries
- threepio, on 11/13/2008, -34/+306It's a real pity that Stephen Harper wants to follow the same road that the Americans did years ago. The man really won't stop until he's driven the country into the ground.
- jambla, on 11/13/2008, -32/+285O Canada!
Our home and native land!
True patriot love in all thy sons command.
With glowing hearts we see thee rise,
The True North strong and free!
From far and wide, O Canada,
We stand on guard for thee.
God keep our land glorious and free!
O Canada, we stand on guard for thee.
O Canada, we stand on guard for thee. - da_bradler, on 11/13/2008, -12/+196I hate that the Liberal party of Canada is the one that put a lot of this system in place, yet we are praising our current Conservative government for our stability even though they have been trying to switch over to a more American system.
Here is the simple difference, Canada favors slow stable growth as opposed to the American system which favors fast unstable growth. So when the United States gets a winner on their hands the more open system allows them to invest and expand much faster then the Canada system allows. But when the Americans make a mistake, their open system allows companies to get themselves into very deep holes.
This has a lot to do with the governmental system in Canada, when something goes wrong our population tends to really punish the political party in power, and they don't easily forgive, even when there is a complete change of party leadership. So our governments leaders tend to be avoid risky policy. - da_bradler, on 11/13/2008, -14/+175lol I love how our national anthem is basically just a ***** you to the united states. Since it was written after the American revolution and we were all such British loyalists.
I would just like to add that the united states White house is not the original, since we crossed your border and burnt it down TWICE, lol. God damn we were ***** back then. - jerrycan, on 11/13/2008, -3/+134STOP WHATEVER BILL C 61 BECOMES IN THE NEW SESSION!
NO DMCA FOR CANADA!!! - degreesplatinum, on 11/13/2008, -3/+112Haha, kudos for us Canadians for not being risk-takers. Slow and steady wins the race... or keeps you stable when the whole world's financially crumbling.
- doiveo, on 11/13/2008, -2/+104Comes down to higher reserve ratios and regulation balance
- IamNOTmrT, on 11/13/2008, -7/+96You kids and your hippity-hop music!
- dannomatic, on 11/13/2008, -13/+97We Rock. We are Canadian. Period.
- HyphySoul, on 11/13/2008, -6/+86Annnddd another reason to move to Canada if all else fails
- inactive, on 11/13/2008, -8/+88You're right, prior to this financial crisis and especially during his campaign against the liberals (who implemented moderate banking regulation), he vehemently opposed banking regulation and wanted to introduce Private Lenders, who are the main perpetrators that got the U.S into the mortgage mess.
Canada's conservatives may not be completely socially conservative like the republicans (although most of Harper's MPs were during the reform party/Canadian alliance days) but they are definitely fiscally conservative in the same line as the Republican Party.
We're just lucky that Harper hasn't completely reformed our economic system yet. - Linguo, on 11/13/2008, -6/+80I agree. We should also learn from Swedish banks too.
- vw2005, on 11/13/2008, -1/+71I heart Canada
- inactive, on 11/13/2008, -2/+63Security, basic services, humanitarian aid, border management and reconciliation between various Afghan tribes.
http://www.canadainternational.gc.ca/canada-afghan ...
Awful, isn't it? - Speed, on 11/13/2008, -2/+61You can thank minority governments for that.
- geddon, on 11/13/2008, -1/+60I don't know which is more foolhardy:
1. Allowing murderous psychopaths to run free under the assumption that vigilante groups will bring about justice as long as they have the right to do so.
2. Allowing banking institutions to function without regulation under the assumption that the market will correct itself.
The only difference I see is that I'm not allowed to shoot the bankers in order to protect myself. - sproket, on 11/13/2008, -5/+63In Canada 'Liberal' is just a label. The Liberal party has generally been more fiscally conservative than the 'conservatives'. It was the 'Liberal' prime minister in the 90's that ended the federal deficit.
Same in the US really. The republicans have generally grown the government more (and spent more) than the democrats. - levitron, on 11/13/2008, -13/+69O Canada!
Terre de nos aïeux,
Ton front est ceint de fleurons glorieux!
Car ton bras sait porter l'épée,
Il sait porter la croix!
Ton histoire est une épopée
Des plus brillants exploits.
Et ta valeur, de foi trempée,
Protégera nos foyers et nos droits.
Protégera nos foyers et nos droits. - skyteria, on 11/13/2008, -0/+52You can't. You wouldn't be able to afford it.
- libertymeister, on 11/13/2008, -10/+60Markets cannot operate without rules and oversight by the players in the market itself or some accepted authority external to the market. The United States Congress, White House and agencies like the Treasury were complicit with the thieves of Wall Street when they removed oversight and regulation over the past 2+ decades. This is not a failure of capitalism, it is a predictable consequence of fraud, theft and deception allowed to happen. Now let us not add insult to injury and let the guilty to unpunished while the rest of us get screwed...again!
- SuperMoses, on 11/13/2008, -7/+57Uu Kanata!
Nangmini nunavut!
Piqujatii nalattiaqpavut.
Angiglivalliajuti,
Sanngijulutillu.
Nangiqpugu, Uu Kanata
Mianiripluti.
Uu Kanata! nunatsia!
Nangiqpugu mianiripluti,
Uu Kanata, salagijauquna! - brodiquine, on 11/13/2008, -2/+52I should apply for citizenship ahead of the rush.
- 4321234, on 11/13/2008, -2/+50Thank God that Bush never found out Canada has banks.
- Snoosy, on 11/13/2008, -3/+50True, but we definitely have plenty of troops over in Afghanistan right now. We're doing our part, whatever the hell that may be.
- dbbob, on 11/13/2008, -1/+47Let's see. We've been told their health care system sucks. That they are hillbillies when it comes to finance. Get the feeling we are being snowed by our leaders?
- degreesplatinum, on 11/13/2008, -2/+36yes. and free health care too. :O
- GhandicapXRS, on 11/13/2008, -0/+33I remember a couple a of years ago when our banks were complaining that they couldn't merge into "super banks" in order to compete with other contries, mostly big American banks.
Thank god they were never allowed, it might just save us... - nick2525, on 11/13/2008, -1/+34Canada's full GO AWAY!
- bugwayji, on 11/13/2008, -5/+38 The uninformed are praising the Conservative party.
- Zippo, on 11/13/2008, -0/+33Basically, instead of having gobs of privately-owned, unregulated banks, we have five major banks - all which are regulated by the Bank of Canada. And they're not allowed to merge, meaning we always have competition.
- drunkenoaf, on 11/13/2008, -1/+33America. The Mexico of Canada?
- Recidivus, on 11/13/2008, -0/+307 generations later I think I'm allowed to call it my native land.
- repins, on 11/13/2008, -5/+33Because the Canadian Government did not mandate that the banks lend to people with questionable credit histories.
http://www.whitehouse.gov/news/releases/2003/12/20 ...
http://homebuying.about.com/cs/downpaymentgift/a/a ... - slogged, on 11/13/2008, -7/+34Beavers, moose, bacon and mounties is all you know about Canada huh? Do you enjoy putting this ignorance on display? =/
I just don't get why people are so quick to blurt out these Canadian stereotypes... - degreesplatinum, on 11/13/2008, -1/+27Hmm... let's see...
after three to six months of permanent employment... the government gives you basic health care needs. Then, depending on your employer's health plan, you get extended medical to which you even get cooler perks at almost no cost.
Yes, wait lines at the hospital can be an eternity... but hey, I consider the fact that the taxes that I pay pretty much takes care of it and that I don't have to go through a bunch of bureaucratic insurance companies to get even the basic of my hospital needs.
I am Canadian. I know the quality of our health care here, as well as the issues that surrounds it. But hey, I have yet to pay something out of my pocket when it comes to the cost. The taxes that I pay for pretty much takes care of it. - 4321234, on 11/13/2008, -1/+27Detroit surrenderd to 100 british, 200 canadian and 400 natives. Ordered not to hold any ground,they moved on and burned the White House. They tried to burn the whole city, but rain put it out.
- Shabadoo, on 11/13/2008, -5/+31Don't know what any of that meant in the article, but I'll just conclude that we rock. And rock hard.
- skyteria, on 11/13/2008, -1/+26I don't think he knows where Canada is.
- EdmontonEh, on 11/13/2008, -2/+27We don't want you! Sorry...
- SuperMoses, on 11/13/2008, -8/+33"Our home and native land!"
The lyric should be "Our home ON native land!'... what a strange lyric for our anthem. Since when was this our native land. - Gravey9, on 11/13/2008, -1/+25Haha, ignorant Americans, you think the world likes you and actually wants your help. That's cute.
- Waiting2awake, on 11/13/2008, -0/+24That is my bigger worry.
- drunkenoaf, on 11/13/2008, -0/+24America still has banks?
- cochonnerie, on 11/13/2008, -4/+27What? Harper had nothing to do with it. He wasn't even there when the banks were asking to do this.
- sangjmoon, on 11/13/2008, -2/+24The reason why US banks have lower capital ratios is because the US culture is one that promotes debt more than savings. This is ingrained from the individuals all the way up to the major companies. This is fine as long as the debt is used to invest in sound investments. This falls apart like a castle built on sand when the debt and investments are based on bad risk (e.g., bad mortgages and bad mortgages securitized as higher rated investment vehicles). Capital ratios in the US banks are increasing as a result of the credit crunch causing banks to lend out money far less, but that really isn't the solution. The long term solution is to make the riskiness of investments more transparent and have the government not mask the riskiness by backing them so much. By having the government back accounts so much causes a false sense of security which causes us to have bigger and bigger shocks after each bailout. Just as the bailout of the savings and loans set us up for future bigger shocks, if the government doesn't take a step back, today's bailout will just set us up for another bigger shock in the future. We need to go back where we may have had more frequent but smaller downturns in the economy. The smaller downturns were minor corrections that sound companies could weather unlike the major corrections now which even the biggest of companies can't survive through without help.
- rft3rd, on 11/13/2008, -10/+32Gratz on your history and your 'burnt' offerings. Now go play some hockey.
- aamo, on 11/13/2008, -0/+22they are OIL sands...not COAL sands
- TPorter72, on 11/13/2008, -1/+22lol nunavut
- eadnams, on 11/13/2008, -0/+21I was born here... its my native land, I have no other.
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