Not sure how we got onto the financial crisis, but the idea that the banking system was outright saved is a fallacy. Tons of banks failed and continue to fail:
The big banks were provided funds from the Fed-- whose job it is to lend money in such crises--the majority of which was paid back and has returned a tidy profit to the Treasury. The public perception of events is out of whack on this one.
As far as the OP, there's a long way to go before the US is Canada as far as crappy cell service provision, but this is a step in the wrong direction.
Edit: "this" referring to T-Mobile having a negative future outlook.
The money was 'paid back' by banks who got zero-interest loans from the Fed discount window. This way, they get to say "Hey, we paid back TARP", the Obama administration gets to say "The bailout wasn't a boondoggle", and the banks also borrow money from the government for free (from the discount window) and then loan it back to the government at 2% (by buying 10-year T-Bills.) Wholesale rate arbitrage for doing nothing. Must be nice to be "too big to fail".
http://www.fdic.gov/bank/individual/failed/banklist.html
The big banks were provided funds from the Fed-- whose job it is to lend money in such crises--the majority of which was paid back and has returned a tidy profit to the Treasury. The public perception of events is out of whack on this one.
As far as the OP, there's a long way to go before the US is Canada as far as crappy cell service provision, but this is a step in the wrong direction.
Edit: "this" referring to T-Mobile having a negative future outlook.