In a free market economy, when a company cannot meet contracted obligations, it is violating its contract and its customers should have recourse to legal remedy, such as through bankruptcy. Buchanon was aiming in the right direction, but better to have freedom and rule of law. (Some banks may set up rules with their customers that allow temporary suspension, if customers agree.) America erred early on in its history in its government's giving banks special treatment. And we have suffered from doing this ever since. In a true free market, banks necessarily police one another. Canada's great success exhibits many of the elements of this.