Reply #20: The frustrating thing is that failed banks don't hurt the executives that cause them to fail

[jpgray]

These rich folks come out of the rubble more or less as well-off as they were when they came in. Those who are less liquid in their assets, who are dependent on credit, money market funds and bonds, have the potential to be hurt savagely by the failing bank. This is the fundamental problem with our system--the rich have little risk in failing a major bank, whereas those who don't share significantly in the profits and are lower class hurt the worst when such institutions fail.