Should we be regulated like Canada?
February 1, 2010 | federal legislation, industry | Comments (0)New York Times columnist Paul Krugman thinks so:
On the other hand, Canada’s experience does seem to support the views of people like Elizabeth Warren, the head of the Congressional panel overseeing the bank bailout, who place much of the blame for the crisis on failure to protect consumers from deceptive lending. Canada has an independent Financial Consumer Agency, and it has sharply restricted subprime-type lending.
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