Go ahead and wink, but put me in the column of credit union executives who wouldn't mind being taxed if it took of all the cumbersome, ridiculous shackles that limit who we can sign up as a member of the credit union and allows credit unions to raise secondary capital like banks can do at the drop of a hat. All them fat-cat bankers better be careful what they wish for....because it's limitations like THESE that are keeping credit unions from owning the market.Baldy wrote:That's what's unique and also makes the Canadian banking system the best in the world. It's profoundly less regulated than the US banking system. They never had their version of the Glass-Steagall Act and their banks are able to sell securities and insurance without any problems. While almost 10,000 banks failed in the US during the depression, not one single Canadian bank closed it's doors. If there is one thing we could learn from Canada, it's how to operate a banking system.kalm wrote:
Are they gonna keep their finance regulations that helped them avoid bailouts?
Oh, and AZ, their credit unions aren't tax exempt.
