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I'm curious why you think the solution is to have everyday consumers "police" the risk to the financial system instead of giving regulators more resources/teeth

• stretchwithme 8y ago
  Because it will save a lot of money for them in the long and we'll have fewer disasters that risk the world economy. Human intelligence is distributed and responsibility should be as well. Concentrate the power and people take advantage and then weasel out of responsibility, leaving others to suffer the consequences. The well connected get their risks socialized, because they are "too big to fail". The same story is repeated over and over again. People who take the risks should get both the losses and the benefits. It's called "skin in the game".
• zzzzzzzza 8y ago
  it should be noted that ultimately bailing out the financial system comes at the expense of everyday consumers, though in a much more insiduous fashion than one they could see directly. if you believe that no amount of regulation can stop financial chicanery as long as they have those insurance guarantees, then it makes sense. i'm not sure about this plan, i'll just say i prefer credit unions myself.