At least they could recognise they exist. In many rural areas of Western Canada and Quebec they are the only financial institutions.
Blog: http://kenthink7.blogspot.com/index.html Blog: http://kencan7.blogspot.com/index.html
--- On Thu, 3/5/09, Doug Henwood <dhenwood at panix.com> wrote:
> From: Doug Henwood <dhenwood at panix.com>
> Subject: Re: [lbo-talk] The Canadian banking model
> To: lbo-talk at lbo-talk.org
> Date: Thursday, March 5, 2009, 12:12 AM
>
> On Mar 4, 2009, at 10:26 PM, ken hanly wrote:
>
> > The NEw York times article simply ignores the
> role of other financial institutions than the large banks.
> > Over ten percent of Canadian
> financial transactions are done through caisse populaires
> and credit unions.
>
> 10%? Is that all? You've hardly refuted the piece.
>
> Doug
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