We need laws that hold financial executives personally responsible for actions that society deems harmful. And we need banking rules that make the system safer. The $13 billion in this deal buys us neither.
An analogy simple enough to help Tea Party mouth breathers understand that you can’t trust business (or the free market) to do whats right for the country.
a simple separation of commercial and investment banking. That would end the too-big-to-fail problem by splitting the federally insured restaurant of deposit taking and lending from the risky casino of trading.