Stonewalling of Banking Regulations Spurs Satire
The Daily Show has produced a brilliant bit comparing the frequently floundering U. S. financial system, with its attendant crises and crashes, with the more heavily regulated Canadian system. Correspondent Jason Jones conducts a couple of gut-busting interviews that must have required more than a few takes.
Some called for a nationalization of the U. S. banking system following the collapse and bailout in 2008-2009. That idea didn’t gain much traction, probably because of the power the large financial firms wield. This industry imperils all of us, and capitalism in general, with their greedy shenanigans.
Canada is currently embroiled in their version of a housing bubble which has yet to burst. It will be interesting to see how it plays out.