To protect the banks is a form of insanity

The position of those who defend the status quo of banking is that it is natural that banks cannot fail. People who defend banks claim that they should not be allowed to fail... they deny that banks should ever fail even if they make (have made) bad investments. These people are wrong... it is normal that banks are able to fail. There is no reason for banks to be protected and so to protect them is to do something unnecessary and stupid.