Niall Ferguson - How to take Moral Hazard out of Banking

Finally, slowly, the issue is coming to the fore. Pity it didn't happen in 1974. Be a greater pity if it doesn't happen now.
Taxpayers are entitled to ask for a radical reform of banking regulation to ensure they will never again have to foot huge bills for financial folly. So far, there is only one credible proposal.

In a recent speech in Edinburgh, Mervyn King, the governor of the Bank of England, called for “utility banking”, which would limit banks to their legitimate purpose – financial intermediation and payment facilitation – as opposed to gambling with taxpayers’ money.
Niall Ferguson - How to take Moral hHzard out of Banking

Big Government's Big Shortfall

Blow the trumpet louder. They're not listening
Big Government's Big Shortfall