[GOPJ]

If failure is not an option, then no consequences occur and no lessons are learned.

You're right

- why should Chase or Bear or anyone reduce risk - and the extra profit that comes with extra risk...

if in fact there is no risk.

Next time, it'll be worse.

Much worse.

[cinives]

Now that the government has trumpeted that any bank is too big to fail, then there is nothing to stop the banks from continuing down the path of more and more leverage and risk.

What they all forget is that there is only so much debt the taxpayer can afford until we are all bankrupt.