Too Big To Fail Banks Get Bigger – Fundamental Financial problems Worse Than 2008
David Stockman (former Reagan budget director),
in an interview with Bill Moyers
No. I think we’ve learned no lessons. We really have not restructured our financial system. The big banks that existed then that were too big to fail (under Reagan & Bush) are even bigger now (under Obama). The top six banks then had seven trillion of assets, now they have nine or ten trillion.
Stockman pins this same “bailout behaviour” to every president starting with Reagan/Bush through Obama.