> Ideally, regulation should make it so bank stock holders eat the losses for poorly thought-out loans and should prevent all the various sleazy ways internatio

> Ideally, regulation should make it so bank stock holders eat the losses for poorly thought-out loans and should prevent all the various sleazy ways international shippers escape responsibility for their decisions Exactly. I'm fine for ports to ban polluting ships and for the companies who own these ships to go out of business. It will be better for the environment to have these ships out of service. However it sounds like the major issue to overcome is the banking industry's unwillingness to lend more money to the shipping industry (e.g. throwing good money after bad) Ideally this wouldn't be a problem as banks would admit the loans were a poor investment and write them down