AS BANKING market disruption continues, we need some perspective to better qualify the decisions that policymakers, central bankers, and finance ministers will need to make – which deposits to guarantee, which banks to save, and who should pay the bill?

With the headlines coming fast and furious, policymakers need to frame the problem, define the decision makers and take a view on what that will mean for the rest of us. This is an emotional topic, and with the political environment being fraught with uncertainties, a pragmatic solution may not be easily achievable. While many things are still unclear, it is clear that there will be winners and losers.

To illustrate why this is the case, I surveyed an informal industry forum with some of the smartest people in tech. There are only two options and you must choose one. The economic environment and opportunity set is the same for both options.