The Next Financial Crisis

tnr.com — Our banks have gotten into the habit of needing to be rescued through repeated bailouts. During this crisis, Bernanke — while saving the financial system in the short term — has done nothing to break this long-term pattern; worse, he exacerbated it. As a result, unless real reform happens soon, we face the prospect of another bubble-bust-bailout cycle that will be even more dangerous than the one we’ve just been through.

more »