The old system worked well for the bankers

those America’s banks that are too big to fail are also too big to be managed

when a bank fails, the government engineers a financial restructuring; if it has to put in money, it, of course, gains a stake in the future

If they take big bets and win, they walk away with the proceeds; if they fail, the government picks up the tab

Rewriting the rules of the market economy – in a way that has benefited those that have caused so much pain to the entire global economy – is worse than financially costly

Their lobbying efforts worked well, first to deregulate, and then to have taxpayers pay for the cleanup. Their hope is that it will work once again to keep them free to do as they please, regardless of the risks for taxpayers and the economy.