You're so stupid that you ignored the original reply where I said they exist under our banking regulations. You asked me to name an American bank operating in Canada.
We survived the 2008 crash with less damage because we don't allow American banks to operate the same way here. When you tried to respond to me as a gotcha, did you bother to read the original post you replied to or just get excited I paid attention to you at all? Why did you ask me to name one? Did you just learn about our regulations via Google because you basically c&p the Wikipedia entry?
We don't have subprime mortgages in Canada, the cause of the 2008 crash. However, so much capital was wiped out of the market in 2008 that Canadian banks were on the verge of not being able to loan money, or issue mortgages. Which because modern economies run on debt would have caused a credit crash. Which if it had been allowed to go through would have meant credit cards could would not have worked, mortgages could not be issued etc. This in turn could have led to a bank run as it is a sign of a bank being insolvent, real or not it is the perception that matters in the market. This was of course caused by the regulations that govern Canadian banks. Specifically the ones that state how much cash a bank has to have on hand for them to be able to lend money.
So in 2008, the Canadian Government purchased mortgage backed mutual funds from its banks, freeing up capital so banks could continue lending. It wasn't superior regulations, that is a Reddit take, it was in all honesty a clever move by the Harper Government. It would not have worked in the US as the problem was several orders of magnitude larger, on top of that with every hedge fund pulling money at once(the equivalent of a high finance bank run). The US threw money at the problem to cover banking operating costs and to cover the losses in housing.
Now since you're talking about 2008, look at our housing costs and how massively overinflated they are. Look at how people are having problems paying their mortgages, why are houses in the middle of nowhere going for 400k - 500k. Starting to look kind of familiar?
Now if a company is staffed by Canadians, operates totally in Canada, keeps all of its assets in Canada, does business exclusively in Canada, but has the name of an American company. Is it a Canadian company, or an American one? Is TD of America, a Canadian company, or an American one? We can argue semantics, but at the end of the day, legally, and definitionally those companies, those banks, are corporations of the country they operate in. That's how subsidiaries work. The parent company is a shareholder, so the subsidiary still has it fiduciary duty to its shareholders. However, how the subsidiary goes about that is up to the subsidiary.
Finally no one wants attention from you. As you angrily mash your keyboard with your obese sausage fingers. Having a multiday woman moment from...based on your lack of grammar I'm going to say somewhere in the Maritimes, probably Cape Breton. So I'm going to assume this is fueled by your brother leaving you for the family pig, and who could blame him, the pig probably smells better.
