Mood:  irritated

Like most people in North America last year, I took a cold shower on the stock market. As the crisis unfolded in 2008, I wrote many blogs on the situation. These are on the right side of the page under the link heading: "Investing For the Future".

The whole financial crisis began to unravel when Lehman Brothers declared bankruptcy. Stockmarkets of world then crashed and bottomed out in early March of this year. There was much said about bank CEOs and their large bonuses for crashing the world's banking system through toxic products like subprime mortgages. Even today, some people are still scratching their head about the financial system and what bankers can get away with.

All through this crisis,  Canadian banks were good examples of how banks should act.

Since January/2009, my Canadian Index mutual fund has increased 25%. While unemployment remains high, housing in Canada has rebounded nicely.

It still looks like the G20 has to create stronger regulations for international banking and investing.

I'd like to wish everyone who reads my blog all the best in their investing activities including buying and renovating a house.