Fareed Zakaria explains why Canada is in much better shape than us:
Guess which country, alone in the industrialized world, has not faced a single bank failure, calls for bailouts or government intervention in the financial or mortgage sectors. Yup, it’s Canada. In 2008, the World Economic Forum ranked Canada’s banking system the healthiest in the world. America’s ranked 40th, Britain’s 44th.
The rest of the article is well worth your time, particularly the paragraphs Massie highlights.
The Dish 