badgenome said:
There is none. Typically, after the bailouts there was no serious restructuring done to make sure that this never, ever happened again. Just a lot of talk that it would never happen again because... of some reason no one bothered to articulate, maybe because it doesn't exist. And since the big banks have an even larger market share than they did before the crash, they're even more too big to fail than before! It is, by turns, hilarious, infuriating, and terrifying. |
And will be even more too big to fail once Dodd-Frank is finished because they've made their money off said practices, and nobody else will reach them.
First thing that should of been done when TARP was being considered was insisting that banks who agreed to tarp funds be broken up AT&T style.
