Very interesting, though their population is only 320,000 and the GFP is $12B. Hard to say if that microcosm could compare to the larger more complex economies.
The banking sector should fail because they're not special & because it's sucking the information technology and mathematics experts out of the rest of the economy so releasing that talent causes the economy to flourish in other ways...
Common sense, but revolutionary stuff. I expect this guy will be swiftly dealt with accordingly by the shadow world government.
The banks in America should have failed too if they truly believed in the boom and bust cycles of capitalist economies. Perhaps then the people would truly fight against the ridiculous things their government does.