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To: The Reaper who wrote (209259)	7/5/2009 1:25:33 PM
From: Asymmetric	Respond to of 306849

Thanks for the link. I'm thinking that the differences in rules and regulations is actually a small part of the difference in financial outcomes between the Canadian banking system and the U.S. It's the differences in culture, business ethics and incentives that drive a great deal of the difference. If that's true, our problems go very, very deep...and the regulations that will eventually have to be put into place to police what is basically a runaway "outlaw" financial Wall St. business culture, and totally skewed incentives and entitlement expectations, and a basic lack of business ethics will have to be very, very strict. - A.