number5 wrote:
"Crumbled" is a bit of an overstatement, but yep, Warren's right on point, as usual. The banks are bigger today than they were at the time of the crisis. We've made no meaningful progress towards reform and are even more vulnerable now. Without the moral hazard of failure, these too big to fail banks will continue to hold us hostage.
You do realize some of the banks did not want to take TARP money and didn't need to, but were threatened to take the money.