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Peaceful Bill

Gogarty wrote:
In article ,
says...

Yeah, Canada is a world leader in economics and banking. All five banks.

Yep. All five SOUND banks. Used to be 15,000 individual banks in the USA. They
were kept honest by their local regulators and since the '30s were forbidden
to be investment banks. In many states, i.e., Texas and Illinois, they were
not even permitted to have branches and a stand-alone ATM was considered a
branch.It worked just fine. But the ABA finally prevailed on the Republicans
to repeal Glass/Steagall, lots of other stuff went by the board (boat
reference) and the rest is disaster. You can quibbble about the details but
that's the long and the short of it. So now you have the surviving investment
banks turning themselves into deposit-taking commercial banks for their own
protection -- under much more stringent regulation. They have fled to the
protective embrace of -- can it really be? -- THE GUMMINT!

You forgot to mention that many states even forbid out-of-state
ownership of banks. Missouri immediately comes to mind. Otherwise a
fair assessment.