You do not need bankers to be poorly monitored or over-incentivised for such cycles to work: finance knew booms and manias long before deposit insurance, bank rescues or bonuses.

为使这种循环转起来，并不需要对银行家疏于监管，或给出更多物质刺激：金融系统在存款保险，拯救银行以及分红出现之前就知道好年景，以及发疯年代了。

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Deposit insurance is a standard antidote to bank runs and is typically financed by a levy on deposit-takers.

存款保险是对付银行挤兑的标准方法，其资金通常向存款接受人征收。

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In exchange for the stability provided by deposit insurance and the central bank, Banks submit to regulatory oversight.

存款保险和中央银行提供稳定性，作为交换，银行必须服从监管。

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The Bank of England and America's Federal Deposit Insurance Corporation have issued a joint paper which is in essence an action plan for making the biggest banks - such as the UK's Royal Bank of Scotland and Barclays, and Citigroup and JP Morgan in the US - safer.

BBC: The cost of making big banks safe

An estimated nine million households about one in every 12 don't have bank accounts, according to a Federal Deposit Insurance Corp. survey.

WSJ: Tax Refunds Move to Debit Cards

Bank of America was in a position to buy Merrill Lynch in part because the Federal Deposit Insurance Corporation, which guarantees deposits, insulates a large share of the bank's funding from crises of confidence.

ECONOMIST: Saving Wall Street