They didn't have a crisis caused by the failure of the housing market because they do not have laws forcing banks to make bad loans. Quite the opposite in fact. That's a point in their favour.
Pull My Finger: People aren't just denied, they do die waiting for care. That is why the Quebec Supreme Court ruled a waiting list does not constitute medical care. I know someone right at this minute who had an eye op go bad in Kanuckistan. This person went to the doc time after time... of course waiting their turn every time during those 18-months. If this person hadn't been persistent they wouldn't be on a further waiting list to get their eye repaired. In the US this would have be handles 18-months ago.