aedens wrote:Fighting the last war are we padawan.
Based on your posting, and mine immediately above it, I believe we both got it.
So did Monty Python.
I believe it is really, really funny that a group of government employees get together and write a regulation ordering a bank "not to allow a crisis" and ordering a bank to "plan to handle a crisis on your own because the government has no plans to bail you out, this time".
This is the next war, not the last one. When the new hero generation learns the lesson that all those promises from the government mean nothing. The promise that your money is safe in the bank. The promise that another banking crisis can not happen because government employees ordered the banks to "not have a crisis". We laugh because it hurts.