Whatever happened to the quaint notion that a private enterprise simply cease to exist if the management makes a series of bad decisions? (bankruptcy, dissolution).
Somebody came along and decided ‘they were too big to fail,’ which if that is true...then they were a monopoly and our laws governing such enterprises failed.
That has never really been the case with banks though. Going all the way back to the the Venetian Republic governments have always been in bed with the banks.