Reconfiguring the American Banking Structure to Look More Like the Canadian Model

The New York Times, Theresa Tedesco, 27 February 2009Has the world turned upside down? America, the capital of capitalism, is pondering nationalizing a handful of banks. Meanwhile, Canada, whose banking system had long been notorious for its stodgy practices and government coddling, is now being celebrated for those very qualities.The Canadian banking system, which proved resilient in the global