XPost: rec.arts.sf.written, rec.arts.books   
   From: lcraver@home.ca   
      
   On Tue, 27 Aug 2013 00:06:59 -0600, Greg Goss  wrote:   
      
   >>Private industry at its best: get bailed out by the taxpayer, continue   
   >>largely with the same practices and charge everybody more.   
   >   
   >Canadian banking structure is quite different than in the US.  None of   
   >our banks came anywhere near needing a bailout since the eighties   
   >(seventies?)   
   >   
   >My father was upset when Bank of BC didn't get a bailout when two   
   >other banks the previous year got bailed out.  He had shares in BoBC.   
   >BoBC's customers and most of its architectural assets became Canada's   
   >arm of Hong Kong and Shanghai Bank of Commerce.  It's a fortunate   
   >coincidence for them that their company name already had "BC" in it.   
   >   
   >But that was either in the Seventies or the very early eighties.  I'm   
   >not aware of any significant banking bailouts in my country since the   
   >year before that bankruptcy.   
      
   Yup - BBC and the Canadian Commercial Bank (which failed in the   
   mid-70s) were the ONLY Canadian chartered banks to fail since the   
   1920s. Now Canadian Trust Companies (which operate under different   
   regulations) have dropped like flies though at not nearly the rate of   
   US Savings & Loans which are the type of institution they most   
   resemble.   
      
   In fact, TD now has more US branches than Canadian branches though   
   they're concentrated on the US eastern seaboard rather than   
   nationally.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)