It's 'America the swift' in bank reform

Press quote (New York Times)
25 June 2010

"European policymakers are being slow, almost unforgivably slow, in making changes because of the belief that Americans were almost exclusively to blame for the crisis," said Simon Tilford, an economist at the Centre for European Reform in London. But, he said, "they also engaged in similar banking practices — there was a similar property boom here, similar excessive mortgage lending."