[damnfine]

But you still pay the fees from the banks failings, so it really does hurt everyone even when the bank eats it.

[dmurray]

It hurts everyone foolish enough to still do business with the bank after they jack up their fees to pay for it. Or in jurisdictions where a small number of banks are given a monopoly, or competition is otherwise discouraged, it hurts everyone.

[alexanderstears]

Yes and no.

If a "Too Big to Fail Bank" fails, we all pay. If a credit union in Utah messes up, their customers pay. Let banks compete on operational excellence.