A STEP IN THE RIGHT DIRECTION

Introducing the crazy concept that investors, shareholders, speculators and depositors, rather than taxpayers, should carry the risk of bank failure. Gee, that might require fatcat bankers to reassess risk, eh? Might also cause Joe Blow depositor to accept some of the burden of fiscal responsibility by assessing the fragility of the monetary system, rather than transferring that burden to his children and grandchildren who "some day" will be forced to deal with unfunded government liabilities.