Comment Re:Utterly predictable (Score 1) 161
I think it depends *where* you insure. Like insuring consumer deposits is a good idea because you personally losing all your money to a collapsing bank is catastrophic for you, and it's not like banks would act irresponsibly because they know their *customers* were safe, like they care about their customers. Insuring the entire organisation, which is what we effectively got with TooBigToFail, does make them irresponsible yes because then the existence of the bank itself that employs the people that might act recklessly, is at risk.