Alas, that's fraught with a lot of ideology that would be a hornet's nest to stir up.
A big part of why historically banking has been so fragile in the US were their asinine bans on branch banking. Until fairly recently, banks were only allowed a single office in a single city. If that city was hit by hard times, the bank was also badly affected.
Compare that with eg Canada's nationwide chains, and their superior financial stability.
A big part of why historically banking has been so fragile in the US were their asinine bans on branch banking. Until fairly recently, banks were only allowed a single office in a single city. If that city was hit by hard times, the bank was also badly affected.
Compare that with eg Canada's nationwide chains, and their superior financial stability.
See https://www.alt-m.org/2015/07/29/there-was-no-place-like-can... for more.