and threatens to make financial institutions the coddled wards of government. A  far  better  approach—protecting  consumers  and taxpayers  alike—is  institutional  transparency.  Banks need  to  know  that  they  could  be  at  risk,  and  investors need  clear  rules  that  are  not  subject  to  political  meddling. 
for limiting the welfare state, for example public funding for social services or social security, e.g. private care before state care