Unfortunately (though with a heavy dose of schadenfreude), I fear the Banks are not just 'too big to fail', but have become 'too big to save'. It's been nearly

Unfortunately (though with a heavy dose of schadenfreude), I fear the Banks are not just 'too big to fail', but have become 'too big to save'. It's been nearly a decade that they have been operating under the implicit assumption of 'too big to fail' and (without any evidence) I feel that they have taken on bets that they know are bad ones only because they know that Uncle Sam is there to bail them out. Unfortunately, even Uncle Sam isn't going to be able to save them on this one, I fear, as the bets have just gotten to lush over these years since 2008. The SEC has become completely neutered/captured and has let the leashes off. I fear that the coming bear market is going to be very very bad for all of us.