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Former U.S. president Bill Clinton praises Cana

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Former U.S. president Bill Clinton praises Canadian banking system


Business | 206621 hits | Oct 18 8:48 am | Posted by: WDHIII
11 Comment

VANCOUVER - Former U.S. president Bill Clinton is praising Canada's banking system.

Comments

  1. by avatar mixedfarmer
    Sat Oct 18, 2008 4:03 pm
    great Liberal legacy

  2. by avatar RUEZ
    Sat Oct 18, 2008 4:08 pm
    "mixedfarmer" said
    great Liberal legacy

    Really?

  3. by avatar robmik43
    Sat Oct 18, 2008 6:19 pm
    A free enterprise banking system is a Liberal legacy ?
    You are still so delusional..."free enterprise" to a
    Liberal is whatever he can get for nothing, without
    actually earning it...
    and to hell with everyone else.

  4. by avatar mixedfarmer
    Sat Oct 18, 2008 6:44 pm
    only the ultra right wing has socialized banking

  5. by avatar Wullu
    Sat Oct 18, 2008 10:36 pm
    "mixedfarmer" said
    only the ultra right wing has socialized banking


    Well that would explain only the Dems voting against bills that would have given the US some of the same protections we enjoy.

  6. by avatar Canadaka
    Sat Oct 18, 2008 10:45 pm
    "robmik43" said
    A free enterprise banking system is a Liberal legacy ?
    You are still so delusional..."free enterprise" to a
    Liberal is whatever he can get for nothing, without
    actually earning it...
    and to hell with everyone else.


    It is a Liberal legacy. Canada's Liberal party for a long time has been more fiscally conservative than the Conservatives.

  7. by avatar Freakinoldguy
    Sun Oct 19, 2008 3:07 am
    "mixedfarmer" said
    great Liberal legacy


    Yup a Liberal legacy. You're delusional..............yet again.

    The Banking system as we know it was set up by a Conservative PM.

    A changing environment
    By the early 1930s, however, the political climate had changed. A gathering depression and mounting criticism of the country's existing financial structure coincided with a specific concern of Prime Minister R. B. Bennett over the lack of a direct means in Canada for settling international accounts. In 1933, he set up a royal commission to study "the organisation and working of our entire banking and monetary system to consider the arguments for or against a central banking institution..."

    The arguments "for" won. The royal commission, headed by Lord Macmillan, recommended in its report that a central bank be established. A week after the report was made public, the Prime Minister announced that his government would adopt the recommendations.


    Thankfully successive governments haven't tampered with the system and we are now reaping the benefits of that wisdom.

    I guess now, you'll have to come up with something else you can claim the Liberal Party did for Canada.

  8. by avatar HyperionTheEvil
    Mon Oct 20, 2008 9:39 pm
    "Canadaka" said
    A free enterprise banking system is a Liberal legacy ?
    You are still so delusional..."free enterprise" to a
    Liberal is whatever he can get for nothing, without
    actually earning it...
    and to hell with everyone else.


    It is a Liberal legacy. Canada's Liberal party for a long time has been more fiscally conservative than the Conservatives.

    Except when lining its own pockets from Adscam....Course Liberals done like hearing about that

  9. by avatar Zipperfish  Gold Member
    Mon Oct 20, 2008 9:48 pm
    I think Bill Clinton must have a soft spot for Canada. Many US liberals do. Probably another reason why I like Clinton adn US liberals in general.

    I heard some nasty rumours this morning that Harper is going to "guarantee loans" for Canadian banks in order to enhance our international competitiveness. Givcernment aid to make the private sector more competitive sounds pretty socialist to me. Letting banks fight to survive makes them more competitive, not government hand-outs.

  10. by avatar Scape
    Mon Oct 20, 2008 11:10 pm
    "Freakinoldguy" said
    great Liberal legacy


    Yup a Liberal legacy. You're delusional..............yet again.

    The Banking system as we know it was set up by a Conservative PM.

    A changing environment
    By the early 1930s, however, the political climate had changed. A gathering depression and mounting criticism of the country's existing financial structure coincided with a specific concern of Prime Minister R. B. Bennett over the lack of a direct means in Canada for settling international accounts. In 1933, he set up a royal commission to study "the organisation and working of our entire banking and monetary system to consider the arguments for or against a central banking institution..."

    The arguments "for" won. The royal commission, headed by Lord Macmillan, recommended in its report that a central bank be established. A week after the report was made public, the Prime Minister announced that his government would adopt the recommendations.


    Thankfully successive governments haven't tampered with the system and we are now reaping the benefits of that wisdom.

    I guess now, you'll have to come up with something else you can claim the Liberal Party did for Canada.

    I agree the liberals have no claim of credit on the banking system but so to does the current conservative one. Considering that was kept in place by both sides of the isle to date neither current poltical party has any claim on the current banking system save the old axom if it ain't broke don't fix it.

  11. by avatar Arctic_Menace
    Tue Oct 21, 2008 12:32 am
    "HyperionTheEvil" said
    A free enterprise banking system is a Liberal legacy ?
    You are still so delusional..."free enterprise" to a
    Liberal is whatever he can get for nothing, without
    actually earning it...
    and to hell with everyone else.


    It is a Liberal legacy. Canada's Liberal party for a long time has been more fiscally conservative than the Conservatives.

    Except when lining its own pockets from Adscam....Course Liberals done like hearing about that

    Oh for fuck's sake, let it die already. :roll:

    The reality is that NO ONE likes hearing about our government wasting money, hence how Harper got elected in the first place. :roll:


    And Trev is still right, Canada under the Liberals has done and will continue to do just fine, thank you very much. And when you look at the big picture, $500,000,000 is a small price to pay to keep the country united and keep us out of debt and deficit...



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Who voted on this?

  • kitty Sat Oct 18, 2008 7:55 am
  • mixedfarmer Sat Oct 18, 2008 8:02 am
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