Banks simply cannot fail

Bank regulations are rarely very sexy, and nor are they ever particularly interesting. Most people, including myself, have never had to deal with handling regulatory capital and so don't know the actual ins and outs of the system.

However, what I am quite good at is spotting human behaviour and also smelling steaming piles of shite from the noise.

And let's get one thing straight...

If banks weren't allowed to fail in 2008, they doubly will not be allowed to fail now.

And it's for the simple reason that regulators need to be seen to have understood the future risks

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David Belle

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