The problem with the banks is really very simple, but politicians try to mask it with complicated terminology. In a free market economy we must let businesses that make bad decisions suffer the consequences. These banks are owned by shareholders who have taken on the potential risk and reward of these banks. We have the FDIC that offers limited protection up to $100,000 per account to prevent a run on the bank, and to protect the majority of people’s savings. The biggest part of the problem is the “savior” mentality, that we can save these banks. The best way to have sustainable banks is to allow them to fail if that is the result of their bad business decisions.




— Chris Lyons