Automate the banks

Experts have been hard at work implementing a new mechanism so that banks can continue operation, or be wound down in an orderly fashion, without resorting to taxpayer solvency support and without putting other parts of the financial system in danger. To enhance market discipline, the shareholders that own an entity and the bondholders that lent to it must face the consequences of poor performance. Over decades, many countries have fashioned effective bankruptcy regimes for households, nonfinancial companies and small banks. But, for institutions of the size and complexity of the largest global banking groups (like J.P. Morgan Chase, BNP Paribas, HSBC, Deutsche Bank, or Mitsubishi UFG), with trillions of dollars in assets and thousands of subsidiaries worldwide, insolvency is far from straightforward. And, since parts of these global systemically important banks (G-SIBs) are providing essential services to large swaths of the economy, their failure wreaks havoc globally. How can we ensure that healthy operating subsidiaries of G-SIBs continue to serve their customers even during resolution?

The better model in the sandbox is that large banks cooperate with wealthy folks via Power of Attorney, the wealthy people keep it and assume personal liability for personal investment while the large banks provide trading venues with provable, finite outcomes in their trading protocols.

The large banks charge fees and sell ads, there is no such thing as a stock hold holding shares of a spreadsheet function, and it is not patentable anyway, thanks you very much.  So the train of liability flows back to the individual thumb print that authorized the trades. The sandbox prices currency risk and pricing risk almost immediately, there is no room for bankruptcy judges, by then the deal is done.

Call your local dealer. Ask for a Redneck compatible, Rasberry stacked, Void Linux, botnet join system adapted for massively parallel central banking.  I think they have a Christmas sale for a hundred grand.