The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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O’Malley pushes financial regulation as a campaign issue, criticizes ‘triangulation’ politics
– canadianbusiness.com
MYRTLE BEACH, S.C. – Former Maryland Gov. Martin O’Malley, who is considering entering the Democratic presidential race, said Saturday that financial regulation needs to be at the forefront of the 2016 campaign and suggested big banks need to be broken up if they might harm the nation.
“If a bank’s too big to fail without wrecking our common good, then it’s too big and we need to take lawful measures to ensure our country’s common good is not imperiled,” O’Malley told reporters during a conference sponsored by the South Carolina Democratic Party.
Reflecting on Democratic losses in 2012, O’Malley said that one of the lessons of last year’s campaign is that “triangulation” is not a winning strategy. Some liberals criticized the use of triangulation — adopting some of an opponent’s ideas — during President Bill Clinton’s two terms in the 1990s.
“You’re never going to please all the people all of the time,” O’Malley said…
“If a bank’s too big to fail without wrecking our common good, then it’s too big and we need to take lawful measures to ensure our country’s common good is not imperiled,” O’Malley told reporters during a conference sponsored by the South Carolina Democratic Party.
Reflecting on Democratic losses in 2012, O’Malley said that one of the lessons of last year’s campaign is that “triangulation” is not a winning strategy. Some liberals criticized the use of triangulation — adopting some of an opponent’s ideas — during President Bill Clinton’s two terms in the 1990s.
“You’re never going to please all the people all of the time,” O’Malley said…
