[georgemcbay]

That's why you bail out the banks, realize "Oh shit, this whole deregulation thing was a bad idea because left unchecked people are prone to selfish greed at a scale which threatens the world economy" and then start to regulate them again, slowly breaking them up into businesses that aren't too big to fail lest you run into the same issue in the future.

Instead we bailed them out, did basically nothing regarding new regulations and the banks are still growing and complaining about too much government regulation and some of them who gladly took bailout money even have the nerve to complain about the 'moral hazard' of government mandated mortgage refinancing.