The useful thing we learned from the 2008 crisis is that the state will actually save big institutions because it is not willing to risk civil unrest. This was not sure before 2008, many assumed big banks can go under.

Now with that knowledge there is little incentive for banks to play it safe and a bailout every couple of years is to the benefit of everyone except the taxpayer and a few unlucky scapegoats.

Of course this is not sustainable either and maybe this time or next time what we learned 2008 will prove untrue...