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  1. 02-20-2009, 06:01 #3
    lars573
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    Default Re: The Canadian Solution

    Rabbit you gotta understand that in Canada the only governmental body that can issue a charter to financial institution to call itself a bank is the federal government. And always has it been so. Provinces can only issue a charter for credit unions. Besides the 5 major banks we have (TD, CIBC, BMO, RBC, and Scotiabank) were created from the mergers and aquisitions of small regional banks over the last 150 years.

    Hosakawa I was watching Obama's interview on the CBC last night. He's noticed, but he doesn't really know how to get your banks on a similar footing.
    Last edited by lars573; 02-20-2009 at 06:03.
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