Much has been said and talked about the financial crisis and the reasons for thus. This has been analyzed and re-analyzed over and over again, as people split hairs and try to find out reasons of what went wrong and what can be done to ensure that there is never any repeat of this. To some extent, what JPMorgan Chase CEO Jamie Dimon said recently is correct that if there was a chance of euthanasia for banks and finance companies or institutions, then there would be better conduct and more responsible behavior in the midst of companies. There would be some fear and anxiety in the minds of financial corporate entities about the result of their actions, which would cause them to be more responsible.
The lack of any fear or compunction can make libertines of companies like a lack of punishment would cause individuals to break the law. So there has to be some sort of severe punishment, including the fear of closure of companies and banks would there be some incentive and deterrent from irresponsible behavior. It is quite true that of these companies had known and had an indication that they could be close down, all the rot in the form of the sub-prime crisis could have been averted and never even come about.