The new taoiseach, the son of a Fianna Fail TD, made Mary Coughlan, the daughter and niece of Fianna Fail TDs, his tanaiste or deputy prime minister.

BBC: Changes at Republic's top

Using capital as a means of ensuring that banks do not fail will be a self-fulfilling prophesy that will only guarantee a land made up of Too-Big-To-Fail giants ( Bank of America, Citigroup, JPMorgan Chase, Deutsche Bank, Wells Fargo, etc.), and will eliminate any creativity in the financial sector.

FORBES: Why More Bank Capital Won't Cure All The Economy's Ills

Is the government going to require banks to write down loans made to businesses that fail because of reasons that seem unfair?

FORBES: Why Homeowners Can't Bank On The Mortgage Relief Plan

But as a warning that big banks are always likely to be too big to fail, whatever the claims made of America's new financial-reform bill, it has the wisdom of experience.

ECONOMIST: Learning from the past

Of course, the calls to shrink banks and separate basic commercial banking activity from everything else are the result of the 2008 financial crisis when government bailouts were made to banks that were too big to fail.

FORBES: Don't Hold Your Breath, Big Banks Will Not Be Broken Up

From the thousands of applications the team at Fortuna has read at Haas, Wharton, INSEAD and other top schools, it is true that a great number of essays fail to resonate, or do not reveal the true stories that have made the candidates the persons that they are.

FORBES: Connect