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That could be an invitation for more bad lending.
All this, as Mr Arpe says, without recourse to shareholders.Mr Arpe has also reshaped Capitalia's governance, not least by focusing on curbing bad lending.
There are also writedowns, bad bets and bad lending to businesses in places like China and India, and the possibility of worse to come.
The House bill correctly sets licensing as a first step, and then bans or revamps incentives that encouraged so much bad lending.
(Eerily foreshadowing events of a century later, Williams arranged the bail-out of a trust company whose collapse he feared would trigger broader harm, then later uncovered breathtakingly bad lending at National City, forerunner of Citigroup).
The reason many people are carrying fewer pieces of plastic in their wallets is that banks, considering them to be bad lending risks in a deep recession, have cut off their access to credit.
Analysts at Barclays said any state intervention for MPS may not be enough to solve the problem facing the banking system, which has amassed bad lending at a time when the economy has been stagnating.
But bad lending did not stop there.
But they will never eliminate bad lending or excessive exuberance.
It was an old-fashioned case of bad lending.
The government regulates drugs, alcohol and (finally) bad lending practices.
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