sorry EZ gotta say no on that one. The requests were made and the gov't didnt cowtow to the banks however, we have a negative savings rate and are carrying much debt and people have also used their homes to carry their lifestyle. We are NOT the US but we are kissing cousins. I by no means know exactly how it will unfold but rising interest rates in the next year could spell some deep trouble for many. A manager at a one of the big six banks is a friend of mine and is troubled by the debt load she sees. It has grown to unsustainable levels. We can not go to the trough as we once did.

JMHO.