Ironically the only consequences after 2008 was new banking rules which shuttered hundreds of small banks and reduced the market even further to 5 mega banks, w

Ironically the only consequences after 2008 was new banking rules which shuttered hundreds of small banks and reduced the market even further to 5 mega banks, who could much more easily handle the new requirements that were designed for large banks but applied equally to all bank sizes. These calls for regulations always seem to result in that sort of thing happening. They didn't really want "too big to fail" laws they wanted "don't ruffle the status quo, even if it harms the market long term". In the Youtube the FDIC selling a 50yr old small independent bank to a $9 billion dollar megafirm was the real message of the video. Even if that bank was ultimately at fault for engaging in the gov-incentivized mortgage bonanza, in the years following the new rules plenty of other healthy smaller banks got swept up by bigger banks when the rules made them infeasible businesses.