Remember all of those banks that were “too big to fail” and had to be bailed out? Newsweek’s Niall Ferguson is out with a report today pointing out that a year after the collapse of Lehman Brothers signaled the start of the bailout boom, they’re still big, and thanks to the safety net you tossed them, they’re “back to making serious money and paying million-dollar bonuses. Meanwhile, every month, hundreds of thousands of ordinary Americans face foreclosure or unemployment because of a crisis caused by … a few Wall Street giants.”
