That's not what I said, or meant to imply. What I meant was firstly - depositors being made whole, investors losing everything, and management (hopefully) going to jail is the kind of response we want. Bad banks should fail, and the job of regulation should not be to protect banks or people who own equity in the bank itself. It should protect customers and society.

The second point that needs to be refuted, loudly, is that this is the Trump administration's fault for lowering the reporting frequency for smaller banks - what should really be scrutinized is what those requirements actually are and how they can be improved.