Thank Liberals for sound banks

Canada's banks are sound because Liberal policy prevented bank mergers. Our "little" banks did not "compete" in a larger playing field along with the "big players," nor did they entangle themselves with big global players' toxic lending activities. Because of Chrétien and Martin's foresight, three Canadian banks now rank in North American's top 10 by market value and the remaining two are not far behind.Thank God for Liberal sage stewardship. Thank God Prime Minister Stephen Harper never got his majority. Harper never got the chance to impose his "less government is best" mantra.According to BDO Dunwoody/Chamber Weekly CEO/Business Leader Poll by COMPAS, as published in the Financial Post, Harper advocated a reversal of Liberal policy, allowing for bank mergers. Harper's deregulated Canada would have ended up like Iceland.The Bank of Nova Scotia is no longer based in Halifax. Similarly, the Bank of Montreal has headquarters on Bay Street. Harper's unleashed merged banks would have relocated on Wall Street, far from the prying eyes of the OSFI; while "shell" offices not dissimilar to those still in Montreal and Halifax would maintain the pretences of "national banks."Minority status notwithstanding, Harper managed to rush us into American fiscal foolishness and our own version of subprime silliness only after Conservatives opened the doors to predatory American competition.