[than3]

I'm surprised no one is talking about what it takes to get a bank charter to begin with.

Starting in 2009 (iirc), the requirements changed to be so stringent that basically the only people who would be on the board of directors were people that lie about their kickbacks for being on the board. You'll notice a sharp falloff of the banks being created after that time, and banking has become so consolidated now that if one of the majors goes under, the others are unlikely to be able to absorb the costs or losses.

I mean, who in their right mind would sit on a bank board, accept personal liability for decisions made, and be prohibited from receiving any kind of compensation for those risks (including just a basic salary).