Posted 1 year ago on Jan. 9, 2012, 4:12 p.m. EST by dcosts
from St Petersburg, FL
This content is user submitted and not an official statement
Any discussion of financial regulation and its chronic failures should start with a simple, jarring truth: It’s impossible to outregulate a banker.
Align incentives: requiring all bank equity holders to have full liability.
Unlimited-liability equity ensures that before the government steps in, every shareholder would need to first declare personal bankruptcy.