Monday, February 1, 2010

Canadian Banks

Paul Krugman uses Canadian banks as an example for the "hollowness of the conventional wisdom of the moment" and quotes regulation, regulation, regulation as the source of financial stability in Canada.

Of course we knew that all along. In fact we used the stability of the Canadian banking systems as the opening paragraph in our sponsorship brochure. The surprising thing for us is that none of the five big banks that Krugman talks about has committed to being a sponsor for our thematic program so far, but we keep hoping.

Update: Krugman further elaborates on the soundness of the Canadian system here. Maybe not spending money in an exciting program like ours is part of being "good and boring".

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