Ordinarily, a question of whether to reauthorize the U.S. Export-Import Bank (Ex-Im) and to increase its loanlimit would be about asuncontroversial a proposition as one could find on Capitol Hill.
Barack Obama this week proposed to limitloan payments for some struggling American graduates to 10% of discretionary income and forgive outstanding debt after 20 years.
On top of Mr Flaherty's measures, the Office of the Superintendent of Financial Institutions, Canada's banking regulator, slapped a loan-to-value limit of 65% on borrowing against home equity.