Simon Johnson's Latest on Bernanke and Too Big to Fail

This is worth reading (that's true of almost all of Johnson's posts). It highlights growing recognition of the too big to fail subsidy enjoyed by large banks and evidence of bipartisan efforts to end it. Just to remind folks that may have forgotten, a bloated financial sector is a drain on the economy in the same way as that huge government department of waste fraud and abuse that everyone in Washington is looking for. It also is a source of instability and a major generator of inequality. An...