Canadian Banks

As I was driving to work today, I drove by a couple new bank buildings, and that got me to thinking about our banking system. We are so fortunate to have such solid and safe banks in Canada. While other countries are experiencing major fallouts from their failing bank systems, our banks are secure. Sure, they charge us too much to use our bank cards and to access our own money, and yes, they have outrageous fees for everything they do for us. We often shake our heads in disbelief at the enormous salaries their executives earn. But at the end of the day, we can rest assured that our life savings, our pensions and our entire banking system is secure. I don't claim to totally understand how banks and money markets work, but it is very obvious that Canadian banking regulations are working, because we have managed to avoid the pitfalls that other countries have not. We are a shining example of success in a sea of failing and broken institutes throughout the world. Our banks are not in need of government bailouts, no one has lost money and the confidence in our banks remains strong. Knowing that you live in a country with one of the safest banking systems in the world . . . it's a good thing.