Fox Just ask Ted Cruz would he save Bank of America if a similar crash in 2008, nope, to Depositor money? Lose it, fair?

Have to agree with Cruz. Your money is your responsibility, funny thing my Grandpa used to do, he owned a barber shop and cut hair for MANY yrs. When we would visit him at work I would always ask for a "Pop" = Coke. He would get me a glass open the freezer for ice and I always noticed jars of change and some bills, when I asked him what that was he lifted me up and replied "That's cold cash son". He always had a mistrust for the banks from the Depression days. Hence my Dad passed this on to me (Managing your own money). Pick up the little FDIC booklet in your bank and read the insurance amount and limitations on their obligation as far as repayment of your money goes. You will be shocked I assure you. They do not pop out a Check to you in the event of a bank failure, rather they have 99yrs to pay each depositor back.

This one is complicated, but I would say that one of the great reasons for the unraveling in the investment banking and later general banking industry is that the executives contrived to leverage heavily and then divest themselves of the risk. The whole system was predicated on the debts and loans being transferable between different entities. When liquidity was stunted as Bear Stearns and Lehman Brothers got into trouble, those financial instruments more or less got stuck where they were, and big banks (and subsequently, reinsurers such as AIG and SwissRE) were left holding onto useless and rapidly devaluing "assets".
Risk is necessary in order to make good decisions. By buying in the "too big to fail" notion, the US Government sent the message that it was ok to gamble with other people's money, so long as the campaign contributions keep flowing.

I find it interesting that BOA was in the Crosshairs of Liberals after the 2008 Debacle for the same reason and in this election cycle now it is in the Crosshairs of the Conservatives. Talk about going full circle.