Friday, May 13, 2011

Bill Clinton - Economy

On Wednesday, May 11 2011, in Fredericton N.-B., I got the opportunity to attend Bill Clinton’s talk about the economy. Here’s a brief resume of what he covered.

Part of Bill Clinton’s talk was about how to help poor Countries develop a good economy. He said that while donation helps, it doesn’t fix the problem. He believes that systems needs to be in place to reward good conduct in order to create a good economy and that donation should go to support those systems rather than directly to the poor.
He then went on to talk about his Clinton administration and how they build a Mortgage system in Haiti to help people buy homes.

Bin laden’s death was mentioned in his speech and at the end during the Q&A. His thoughts were that it was hard for him to be happy about it since a lot of people suffered because of him.

He also elaborated on the reason why Canada weathered the recent global economic meltdown. He said that the Country’s lending institutions regulated their business practices, avoiding high-risk derivatives and risky mortgages, unlike their U.S. counterparts.

Special thanks to Kan Liu and Nathan Langton for their input and links.

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