It is the Government, not the people that wants to protect the banks.
If taxpayers are forced to pay for deposit insurance the onus is on the Government to show why they cannot be allowed to fail; we assume companies are permitted to fail, otherwise we would have unlimited money to spend. If companies are not permitted to fail they will have endless access to economic wealth, they will be able to spend forever. If banks cannot go bust they will be able to issue credit forever; not being able to go bust means we have the ability to issue money.
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