If you truly believe this one bank is an isolated malignancy on top of an otherwise healthy system, backstopping makes perfect sense.

If this one bank is a symptom of a wider systemic malfunction, backstopping is the worst thing you can do.

Janet Yellen and Bitcoiners (like me) seem to disagree about which situation we’re in.

Seems like the misalignment of incentives could not possibly come faster or harder.

Can has been kicked - larger problems incoming. Eventually.