Too Big To Fail not only never ended, despite trillions in taxpayer emergency assistance, it actually got worse and became a permanent fixture of the national landscape in the wake of the crisis…
Some banks have gotten bigger since the financial crisis. The Fed, U.S. Treasury Department and other regulators supported JPMorgan’s purchase of Bear Stearns Cos. and Washington Mutual Inc. in 2008, as well as Bank of America’s acquisition of Countrywide Financial Corp. and Merrill Lynch & Co. JPMorgan’s balance sheet has increased 49 percent to $2.3 trillion since the end of 2007. Bank of America’s assets have grown 27 percent to $2.18 trillion in the same period.
Oh well. Maybe next time.