The article isn’t a prediction of future failure. It’s an explanation of the failures which have already occurred and which negatively and catastrophically have already damaged the lives of most Americans who have been saddled with backing and guaranteeing with their tax dollars risky investment ventures of an oversized banking industry and its investors. So you must be on the receiving end of this ill-gotten largesse, the fleecing of ninety nine percent of Americans who are forced to support the recklessness and corruption of the one percent who’re just “too big to fail”. Your country thanks you.
I’m no Rocket Surgeon but even I could see removing the barriers between the commercial and investment banking was a very bad idea.
LOL, you are a funny guy! You seem to think the term “Caveat Emptor” somehow means buyer beware except for people like you.
I am an investor with what I feel to be a very, very healthy sized portfolio. In my view there is no such thing as a sure bet OR a guarantee of safety except in the case of FDIC insurance limited to $100,000 per qualified account. And even THAT is subject to the health of the FDIC itself since their funds are not unlimited.
If you cannot afford a loss then stay OUT of the markets and put your cash in a mattress.
Just quit WHINING!