ECB’s Weber: We Cannot Prevent Every Bank Failure

Policies to assure financial stability cannot pretend to prevent the collapse of every individual institute that comes under pressure, European Central Bank Governing Council member Axel Weber said in a speech today in Berlin.

"...in a market economy it is neither possible nor desirable to rule out completely the collapse of individual banks,” he said.

It has nothing to do with a market economy, but he is correct in saying that governments find it undesirable to save all banks. Even here on the U.S. every Friday the FDIC announces banks that have failed. It's only the power elite banksters that are protected.