http://www.networknewsdaily.com/2009/02/21/in-canada-obama-gets-warm-welcome-%e2%80%93-and-tips-on-managing-an-economy/ Mon, 06 Feb 2012 02:47:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.networknewsdaily.com/2009/02/21/in-canada-obama-gets-warm-welcome-%e2%80%93-and-tips-on-managing-an-economy/#comment-873 Yvonne Sundholm Sun, 22 Feb 2009 04:19:27 +0000 http://www.networknewsdaily.com/?p=1731#comment-873 Hello, Your statement that 'Among indstralised countries, Canada is the only one not to have seen a major bank fail" was a little off the mark. The same applies to Australia, whose four major banks are among 20 worldwide which have AA rating. AND, we are not in recession yet. The stablity of the Four Pillars as they are known, is due to the previous Treasurer, Peter Costello, who was instrumental in applying strict regulations to the Banking Industry. These rules have ben followed to the letter by the present Treasurer, Wayne Swan. Hello,
Your statement that ‘Among indstralised countries, Canada is the only one not to have seen a major bank fail” was a little off the mark. The same applies to Australia, whose four major banks are among 20 worldwide which have AA rating. AND, we are not in recession yet. The stablity of the Four Pillars as they are known, is due to the previous Treasurer, Peter Costello, who was instrumental in applying
strict regulations to the Banking Industry. These rules have ben followed to the letter by the present Treasurer, Wayne Swan.

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