You might recall the Dodd-Frank act which was incredibly controversial upon its passing (primarily out of disdain for the the two people whose name titled it). It essentially required banks to keep enough money in their reserves so they could bail themselves out in future economic crisis.
Well here we are. ANother economic crisis. And companies are getting bailed out everywhere....but not the banks. They have enough cash to bail themselves out this time. How many times have you heard these phrases from economists lately - "This time the banks were prepared." .. "The banks are in alot better shape this time"
Looks like Dodd-Frank did what it was intended to do despite lots of angry rhetoric from certain peanut galleries.
