Hockett

“There’s a public ritual that lawmakers feel a need to engage in to yell about ‘holding the fat cats responsible,’” said Bob Hockett, a Cornell law professor who specializes in finance.

“The big national banks are operating in the global capital markets,” said Robert Hockett, a professor at Cornell Law School and banking expert.

Still, Hockett’s idea has some lawmakers on board.

Robert Hockett, a financial regulation expert at Cornell University, believes it’s time to make the overarching guarantee explicit.

Mr. Hockett and others argue that insuring all deposits could improve the banking system.