Peter Mathews (Dublin South, Independent) | Oireachtas source

We touched on the Canadian issue. I am one of the oldies but I remember when Canada had its crash and the Reitman brothers came to London to experience a further crash on the first Canary Wharf. Canada had a credit market that went out of control in the 1980s. It learned from that and the people still remembered enough not to get into the stupidity of the early 2000s with the new financial engineering that took place in other Western economies. People thought Canada had a super insight into finance but instead it learned and had the prudential rules which kept everything related to maintainable incomes and rentals.