>is that you should have less informed, less rich and less well connected depositors (i.e. tame and docile customers) if you want to reduce the risk of a run on

>is that you should have less informed, less rich and less well connected depositors (i.e. tame and docile customers) if you want to reduce the risk of a run on your bank, which is obvious in retrospect. While a cynical and pragmatic take, I must remind you of the tradition of the United States as eloquently spoken by the American Bar Association, and traceable back as far as our first Presidents. >Democracy requires not just obeying the law, though; it requires that people actively participate in the political process. This means voting, of course, but it is usually thought that not just any effort at voting will suffice—the citizen must stay informed of political affairs and make a rational choice among the options presented to her in the voting booth. Is there a duty to vote, then? The root of all evil is info asymmetry; and it is a repeatedly self-evidently revealed truth that "Sunlight is the best disinfectant in matters of civic (or fiscal) corruption". https://www.americanbar.org/groups/crsj/publications/human_rights_magazine_home/we-the-people/civic-duties-civil-virtues/ https://www.americanbar.org/groups/crsj/publications/human_r... I know it's kind of a low blow to point this out, but if your point is even remotely representative of the "finance/banking" class, there are some serious problems that need to get resolved pronto; in no way, shape, or form should it even be considered a desirable end that "darn it, why can't we just keep these damn customers in the dark". You're there to facilitate. You're there to manage risk. You're there to accurately convey the gist and nuance of financial matters in a manner that can be processed by the layman, or failing that, help elevate the layman until you can. You are not there to, nor should you ever feel good about perception managing.