One is to exclude bank rescues altogether: only creditors would have to pay for bankers’ mistakes. This type of rule could insulate governments from banking risk only if applied systematically, even at the expense of financial stability.
可以分两步消除负反馈环。一是彻底排除银行援助：只让债权人为银行家的错误买单。这样的规则只有在得到系统性实施（即使会导致金融动荡）时才能将政府与银行风险隔绝。简言之，政府应该做好银行倒闭的准备。