[ruforumczspam]

problem with consumers is that there is very little visibility on banks viability (to anyone, just look at NR, or Bear Sterns), so to expect them to know that their bank on the corner is conservative enough to sail through the tough times is just encouraging everyone to bank with the biggest boy on the street and that's it... effectively encouraging banking monopoly/oligopoly...

thus in such situations I'd expect the state & taxpayers (after all we are this way protecting ourselves, and a lot easier to execute than NHS - another taxpayer funded "all benefit" service) to honor the savings/money in the actual accounts... but all the rest, take it away and restructure...

eventually when the storm passes when restructured bank is viable again, perhaps the taxpayer can return most of the investment and a lot of personal pain and total market confidence destruction has been avoided by state intervention.