Posted AT 1:22 PM EST on 13/03/08
Should we pay for bankers' folly?
OTTAWA — As the credit squeeze continues to worsen in the U.S., the talk has turned to using public funds – taxpayers' money – to bail out the banks.
We are nowhere near that state of alarm in Canada. Our banks are less exposed to the risky products that are shaking the financial foundations of Wall Street. But let's suppose for a moment that the ripple effect Canada is already feeling turns into a financial tsunami.
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