yes, just so. Here's the problem in a nutshell. Obama and Bernanke have institutionalize the policy of "sweep the problems under the rug" rather than confront them and truly resolve the root causes. How do I know this? Well, we know that the financial fraud in mortgages combined with a housing bubble created by rates that were held too low by Greenspan and then Bernanke, are what caused the financial crisis. But what made the implosion so large and uncontainable was the magnifying effect of derivatives. Derivatives were what made the implosion so large that it took out major companies like Bear Stearns, Lehman, and AIG, among others. So did Congress, Bernanke, and Obama tackle this root cause?
Well, to answer that question, we'd have to ask two questions:
1) Are the too big too fail banks all gone and can any bank fail without systemic risk to the entire financial system? We know the answer is an emphatic "NO".
2) Did the amount of outstanding weapons of mass financial destruction decrease since the crisis or did they increase? And if they increased, are they at least disbursed widely enough that it won't take one or more of the TBTF banks down if there is another crisis? The answer is an emphatic "NO" and "NO" to both questions. To whit, the top 5 TBTF banks own 96% of all outstanding derivatives. That's so amazing it takes your breath away when you think of the truly colossal ignorance, negligence and stupidity of our leaders.
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