If the banks face no risk, we shall all go down // They are the trade unions of the modern era, sick dinosaurs that crush ordinary citizens

From The Telegraph, London, England:

...But then came the "too big to fail" problem. We couldn't let the banks collapse because they would bring us all down. In 2008-9, we performed an appalling, but necessary rescue. And now it could very well happen all over again! Banks which we, the taxpayers, rescued are doing the same business once more, and paying themselves the same piles of money, because they still have no "downside" risk...



http://www.telegraph.co.uk/comment/columnists/charlesmoore/8362464/Mervyn-King-is-right.-If-the-banks-face-no-risk-we-shall-all-go-down.html