A Tax on Transactions????

Wrong, wrong wrong. I cannot understand how it could be considered smart to set up a "fund" (from a transaction tax or any other tax), to bail out bad business operators (the argument that tax payers should not bear the burden is founded on a corruption of the basic business model: that a company needs operate to make profits, not lose capital, or it goes out of business). This tax would only encourage financial risk takers to act irresponsibly (with respect to shareholders), knowing there was an external safety net. We should be striving for true accountability, not devising ways to avoid it and then spread the pain that results.