Us simple minded folk would just say, "let them fail".....

"......... financial-industry scandals will continue to arrive on a semi-regular basis. When they do, they will always be accompanied by calls for stronger regulation: rules-based, or principles-based, or some combination of the two. But the real problem here isn’t regulatory, and as a result there isn’t a regulatory solution. The real problem is deeply baked into the architecture of too-big-to-fail banks. And frankly I don’t see any realistic way of unbaking that particular loaf."


So concludes Felix Salmon in this essay.    Sometime around the year 2000, the too-big-to-fail banks  became the playground of choice for whiz kids and rocket-scientists trying to get rich quickly.  They did so by arbitraging confusion and completely ignoring the well-being of their customers.  The results have not been pretty.  So...........to unbake that particular loaf, why not either break them up, or let them fail?   Community banks, on the other hand,  seem closer to, and more vested in the success of, their customers.  Customers must like that as small, and nimble, community banks seem to be popping up all over the place.  Here's to wishing those not-to-big-to-fail banks longevity and prosperity.