Yeah, how would you like that plan? You have a few hundred grand or million in the bank to plant next years crop because you have got or stayed out of debt and right before planting you learn the bank has failed and now you are the proud owner of equity in a failed bank. No money to plant crops but you have worthless equity. Even if you had the money spread around to different banks to keep below the FDIC insurance level, if they ignore the insurance, you could still end up with 90%, 80% 70%, 50% or whatever portion of your money left depending on what the powers that be think the new bank should be capitalized at.

Instead of making the general public liable for the banks failure by nationalizing them, make the depositors liable.

I will say one thing GOOD about this. It will (or should) make people pay a lot more attention to the condition their bank is in and it should cause bank runs on shaky banks big time, so should weed them out. It would essentially repeal the "insurance" and the "assurance" that money is safe. Eventually, it should lead to better banking, after it has shorn all the sheeple that are asleep and not paying attention to what is going on.

Desperation to keep the party going, is what it sounds like to me.

Jonn