[jahnu]

> they haven't learned enough from 2008.

I think it looks like they learned a lot! I.e. make sure you get too big to fail.

[mschuster91]

That one is on the regulatory agencies as well - they looked on silently as larger banks gobbled up smaller ones, or in the case of UBS/CS, actually forced them to merge.

[nikanj]

Credit Suisse was too big to fail just a month ago

[jhugo]

And indeed the government forced a merger with UBS, reaffirming that they were too big to fail.

[astrange]

"Too big to fail" means the regulators tell you what to do /all the time/, not just after you've failed.

You don't want to be too big to fail! There's a lot of businesses only small banks can do, like backing sweep accounts and neobanks like Simple/Aspiration.