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The FDIC also banned him from future banking activity.
He didn't want to say whether or not the new currency could prevent future banking crises.
Anthony Thomson, chairman of Metro Bank, warned that ringfencing would not necessarily prevent future banking crises.
The goal is for countries that use the euro to share the financial burden of future banking crises.
So there's a good chance that we'll do nothing, or nothing much, to prevent future banking crises.
Hubbard discussed his ideal tax reform, his admiration for (and problems with) the Simpson-Bowles deficit reduction plan and his preferred approach to handling future banking crises.
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And let me assure you, Wall Street isn't lobbying to prevent future bank bailouts.
Sutherland also warned that the future bank would be much smaller than today.
The forum at Basel may now offer the best hope of guaranteeing future bank stability.
That should minimise the cost to taxpayers of future bank failures.
This can be used to bail out governments and, in the future, banks too.
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