[candiodari]

And as we noticed in 2000, 2008 and in the EU crises:

Regulation does not work either. For 2 main reasons:

* Regulations are stupid and do not catch all problems, which then causes those uncaught problems to become systemic and threaten not just the bank, but the entire country, because regulation often also forbids or discourages banks from checking other problems (or at the very least pushes an attitude of "if you check compliance with the regulations, security check done"

* Governments cannot be trusted to carry out the regulations ("too big to fail")