US bank liabilities far smaller than others

How is it that the more 'controlled', 'centralized', 'regulated', and 'socially aware' banking systems of Europe were so much more levered and risky than the Cowboy Americans the left keeps telling us about?  If state leadership and regulation were the tabasco, then it would seem that they would be less risky rather than wildly more so.

That is if state dominance and control had anything to do with financial probity.

At all.

But our Democratic party clowns (nee nah!  nee nah!) have just passed a financial 'reform' with 243 NEW regulatory mandates.  Prediction:  it will both hamstring the sector and make it more risky for next time.

When the Jumbo Jet is in trouble, the last thing you want are a bunch of ignorant lawyers randomly fiddling with the buttons and dials.  Law lecturers...tchah!