Oh, you mean the mess that Mulroney inherited from Trudeau?
That got us into the short term thinking mode of how can I next get elected or leave the opposition a bigger mess. We need some long term thinking in government.
We did deregulate. Where do you think that ING direct "anti bank" guy came from? Certainly, not a big bank from the Netherlands? How about HSBC?
Why do you think the banks started using their initials, or that we have branches down in the States, and over in Europe. Or Banks started insurance companies?
Mulroney did inherit a mess from the Liberals and he was unable to fix the mess, I say he even made it worse. Then the Liberals got in and fixed the mess left by the two previous governments (Liberal and PC). Then Harper (Reform, sorry PC minus Progressive) inherited a surplus and created a new mess.
Not sure what bank names have to do with deregulation??? But Harper wanted to deregulate the banking system in Canada prior to the 2008 banking crisis so our banks could compete with US banks. If he had a majority at the time we would have been sunk just like the US was sunk. Instead the banks were well regulated at the time of the crisis and they did not crash like banks all around the world did. This actually gave Canadian banks a foot up in expansion around the world, because they were strong when all the less regulated banks were weak.
We did better in the last recession because we were not hit as hard as the rest of the world. Nothing to do with bank names or letters.
Of course bank letters as names is just a way to hide the country they are from, but how does this relate to Harper wanting to deregulate them so they could crash just like the US???? Then taking credit for them not crashing in-spite of him?