There was the Swedish solution (pushed during the crisis as I recall by Krugman among others): nationalize the failed institutions, with an eye to spinning them

There was the Swedish solution (pushed during the crisis as I recall by Krugman among others): nationalize the failed institutions, with an eye to spinning them back off after the crisis had passed. That would have wiped out the shareholders, including employees with stock holdings, and caused losses on bonds, but would have kept the institutions running on a go forward basis in order to continue to provide financial services to the real economy.