“Federal taxpayer keeps bailed-out behemoths running”

Barry Ritholtz, author of the book “The Bailout Nation”, says the public anger is understandable:

“Because you can’t get any form of regulation through Congress, this is really a backdoor way to make banks that are so-called “too big to fail” – make them too expensive to be too big to fail. ‘Hey if you guys want to stay ginormous, if you want to stay that big, it’s going to cost you – and we are going to give a competitive advantage to, not the top 50 or 100 banks, but the next 8,000 banks below them,’ who are having a hard time competing against these bailed out behemoths that are living on the graces of the federal taxpayer.”