Do the schools in your country teach finance?

DArtagnan said:

The concept of a bank is absolutely insane when combined with human nature.

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Not really, the problem is that the moral hazard has been removed. In the past, if your bank failed, the shareholders and executives pretty much lost everything, same as any other company. This is still true for the most part for mid-sized and small-sized banks globally. Unfortunately in the last 20 years, global governments have decided that some banks are 'Too Big To Fail.'

I am no fan of nationalization of companies in general, but in '08 any bank that was deemed TBTF should have been nationalized, then broken up.