The Bank Doctorine policy allows banks and financial institutions to rob individual citizens and the government to pay for excessive excutive bonuses and golden parachutes, at minimal cost.
Under the Bank Doctorine politically connected financial institutions are
too big to fail, and
too big to be punished. This is especially true during election years when
politicians need to attract large donors with reliable sources of income.
It is facilitated in part by financial interests that rotate in and out of regulatory and governing bodies.
The Bank Doctorine makes it possible to avoid
capitalism, market
corrections, and criminal procecution. This way the banks have an
incentive to give the public the worst deal possible.