Avoid Bank Failures Without a Bank Subsidy
Reader comment on: Bloomberg on Banks
Submitted by David Weinkrantz (United States), Jun 19, 2012 19:17
Hold senior bank officers jointly & severally liable for the liabilities of the bank in the event of its failure. I believe the bank officers would then the manage the bank in such a way as to avoid a bank failure.
The investment banks used the same system with great success back when they used to be partnerships.
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