The time to have done something about TBTF was in 2008 after the crash, but it didn't happen because the Financial Sector successfully captured the regulatory agencies and enough elected officials to prevent the type of defensive regulations, required to prevent the global economy from crashing once more, from being implemented. Additionally, the Financial Sector ramped up its institutional fraud with the wild abandon of a painted, naked child in a Hippy run, 1960's preschool, reveling in having reached the "beyond punishment" stage of kleptocratic capitalism.
Tulips.
To be clear, the Financial Sector is doomed by its own hubris, for when the next crash comes, and it will come, the losses will be too great for any central bank to cover ... but let the children play, for now.
Read the Article at HuffingtonPost
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