Further, as Annat Admati & Martin Hellwig point out (“The Bankers New Clothes” -2013) and I quote, “these proposals presume that concerns about depositors and the payment systems are, or, should be, the major reason for governmental interventions to banking.....This approach has two weaknesses.
First, protection of depositors and the payment system is not the only reason that might induce governments to bail out banks. Second, commercial banking activities can also be a source of risks that cause banks to fail unless they are bailed out” (unquote) 10.