Thedesignincorporatesachannelthinenough to becomeentirelydevoid ofcarriers (ie, freeelectronsorholes) whenswitchedoff, thus acting as a valve, yet full ofthemwhenswitched on.
As I argued more than two decades ago, we should aim for a banking system without TBTF, but that means we need a banking system simultaneously devoidof unfair subsidies and free of overly-harsh regulations.