> - FDIC will probably have to be reformed. You cannot guarantee everything, all the time You absolutely can (should is the question)? The second question is

> - FDIC will probably have to be reformed. You cannot guarantee everything, all the time You absolutely can (should is the question)? The second question is whether you want depositors to care about the financial health of their banks or not. I'm on the no side of that conversation. So you let regulation take care of the capital requirements and so on whilst allowing people to feel safe with deposits.