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    Banks are businesses and businesses sadly fail all the time. I say sadly but it is important in a vibrant economy that businesses both fail as well as succeed.

    What would be unhealthy is for banks to feel they cannot be allowed to fail, indeed they must be allowed to fail. They cannot be allowed to be 'too big to fail'. It would be highly unhealthy for banking and all of us if they felt invulnerable to failure, a situation that we have at present. Banks have recently been downgraded by rating agencies because moves are afoot to make sure they are rightly not 'too big to fail'.

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