Thus the Japanese example shows that such a separation fails to protect commercial banks from massive credit problems.
It protects banks under the assumption that their failure will destroy society as we know it.
The private guards also protect oil fields, banks, residential compounds and office buildings.
The EU is at present just wasting time trying to protect banks in each member states country who've made bad bets.
The banking system, indeed the national economy, is ill served by protecting banks that are truly bad.
To protect local banks in poorer states, the federal government created deposit insurance.
The remedy, say several members of Congress, seems obvious: Stop protecting large banks.
Instead, it is doling money out as if its primary interest was to protect weak banks from embarrassment.
These conservatives are eager to protect small businesses, construction companies and regional banks, all groups that form the core of the party's power base.
At least in part, it is also why Washington so long tried to protect banks from competition and guaranteed most depositors against losses.