Quote du Jour: Canada is Not China

Canada is not China.

   — An anonymous ex-Fed official explaining U.S. eagerness to find Canadian buyers for U.S. banks. "Fed Trolls Canada to Rescue U.S. Banks"

Let no-one say, pace Al Capone, that the U.S. still doesn’t know which side of the street Canada is on. It is on the side of the street with better-capitalized non-Chinese banks.