I agree that it's important to avoid bankruns. However, it is more important that losses from private ventures are not borne by people who wouldn't have had any share in the profits.

If the Federal Government were to guarantee that banks could engage in criminal levels of financial irresponsibility whilst pursuing profit and yet any disastrous fallout would be borne by the taxpayer, such a scheme would only lead to a solidification of a wealthy minority and an exceedingly poorer majority.

> However, it is more important that losses from private ventures are not borne by people who wouldn’t have had any share in the profits.

The solution to that is to have a tax policy that assures that the latter category is the empty set.