The Role of Private Parties in the System of Government

Thanks to post-GFC rules, the major U.S. banks today are well-capitalized and have healthy balance sheets. This makes it less likely that we'll see a GFC-type round of bank failures. Canada has $2 trillion of GDP and just 34 domestic banks, $17 per $1 trillion of GDP. In 2021, there will be 4,236 FDIC-insured commercial banks for its $20 trillion of GDP or $212 banks per $ 1 trillion.