Nothing is too big to fail : how the last financial crisis informs today

Introduction -- "Too Clubby to Fail": Wall Street Banks Win, Thrifts and Community Banks Lose -- Increased Risk Taking Due to Deregulation -- Deregulation, Politics, and Criminal Prosecutions -- The Four Major Waves of Change in the 1990s That -- Laid the Groundwork for the 2008 Financial Crisis -- Washington Mutual in the Age of Consolidation of the Financial Industry -- Record Profits and the Stunning Growth of Shadow Banking -- Record Banking Profits and Growth, but There Is a Canary in the Mine -- The Financial Crisis Hits -- The Aftermath of the Financial Crisis -- Part One: Investigations and Lawsuits: 2010 -- Part Two: Investigations and Lawsuits: 2011-2014 -- The Fast Buildup of the Next Shadow Banking System -- The Makings of the Next Financial Crisis -- Recommendations to Avoid the Next Financial Crisis -- Afterword: COVID-19 Strikes.