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Grumpy_Git
jellybaby
Societies/govts would need to come up with a better way of shuttering banks than currently exists. Right now simply letting a bank crash and burn is a good way to cause runs on other banks, panic investors and motivate mass capital flight, risk national credit score and currency devaluation, loss of faith in govt, and lots of others spiralling consequences.
2008 taught bankers that they’re fucked if they fail, unless they fail so hard it threatens to bring the whole system down with it, in which case they’ll get a bailout that ensures their own ridiculous bonuses still get paid.