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A comment on Forget Wall Street, worry about fintech. Parent comment

Re:Forget Wall Street, worry about fintech by yardie on Wednesday October 11, 2017 @04:36PM (#15453226)
> we have made great progress in addressing the too-big-to-fail dilemma

We got rid of a lot of big, too-big-to-fail, banks since then. The problem is we got rid of a lot of too-big-to-fail banks.

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Re:Forget Wall Street, worry about fintech by Clubber on Wednesday October 11, 2017 @04:48PM (#15453341)
Warren says the sum of the too-big-to-fail banks is even bigger than it was in 2008. Also, Trump is trying to scale back the regulations put into place after 2008.

http://www.wsj.com/video/elizabeth-warren-too-big-to-fail-ba...

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Re:Forget Wall Street, worry about fintech by thephyber on Wednesday October 11, 2017 @05:49PM (#15453809)
I think you're taking liberties with the term "got rid of".

Those banks that we "got rid of" were just consolidated into other "too big to fail" banks. And even worse, the ones that survived learned that the White House and Congress will backstop them even when they crank up the risk, use corrupted ratings agencies, and sell mortgages of the worst quality to Fannie Mae + Freddie Mac.

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