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The 11 Countries That Still Have Perfect Credit

Banking regulations made a huge difference in Canada and other countries too. Having a banking system that was on fairly solid ground helped to avoid the big meltdown.

You're partially right, but it's because regulations were in place to ensure that anyone who bought a house and needed a mortgage only got one if they put in a significant downpayment, had a job, and could afford to make the monthly payments. Buying a house in America became a ponzi scheme beginning with Clinton and through much of the Bush years - buying a house in Canada is and always was setting down roots in your community and raising a family.
 
So what do you think is a better indicator....what the rating agencies say or what markets price the debt at.

Market price of debt is just one of the criteria. Rating agencies use several other criteria.
 
Market price of debt is just one of the criteria. Rating agencies use several other criteria.

Sure...I just don't trust the rating agencies very much. When they go to a company and basically audit them that's one thing. There's a lot of info we don't see. For governments that info they use is readily available to anyone. I think it says something that markets completely ignore them. Australia which is AAA pays a lot more to service their debt than the US.
 
You're partially right, but it's because regulations were in place to ensure that anyone who bought a house and needed a mortgage only got one if they put in a significant downpayment, had a job, and could afford to make the monthly payments. Buying a house in America became a ponzi scheme beginning with Clinton and through much of the Bush years - buying a house in Canada is and always was setting down roots in your community and raising a family.

The frauds were by the lenders not the borrowers.
It's called Accounting Control Fraud.
Individual 'control frauds' cause greater losses than all other forms of property crime combined
 
The frauds were by the lenders not the borrowers.
It's called Accounting Control Fraud.
Individual 'control frauds' cause greater losses than all other forms of property crime combined

Suggesting the borrowers weren't part of the fraud is nonsense. You don't buy a house and apply for a mortgage loan if you don't have a job or income to support the payments.
 
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