How to liquidate banks.

When banks fail, depositors over $250,000 should be immediately issued bonds with payouts over future quarters and years matching the remaining assets of the bank. These bonds would be immediately understood and valued by the "financial markets" and could be sold immediately. The markets would remain liquid. So the thing is-- entities with large cash deposits would be responsible for understanding the banks they put their deposits. And thereby take responsibility for their own actions, and perform the role of bank regulators. So, the most important legislation needed is that all banks provide a public, daily disclosure of what this bond would look like. How long are the maturities and what are the credit ratings of those junk. This would enable nearly instant structuring of the bonds issued to depositors. It would just be clerical and IT work.