It's like forest fires, we shouldn't build fragility into the system by removing all risk and then rely on regulations to mitigate it. Hasn't worked in the past and will lead to more consolidation and bigger fires in the future. Remember in 08 the answer was to combine a bunch of banks and since then we've had no new banks created (besides Ally which was a spin off of an auto workers pension fund if i remember)

https://en.m.wikipedia.org/wiki/List_of_largest_U.S._bank_fa...

https://old.reddit.com/r/dataisbeautiful/comments/11p3555/oc...