"Too big to fail" banks are even bigger now than ever before. In fact, the five banks that our government decided were too important to fail in 2008 are now 25% larger.
In essence, those risky "too big to fail" investments are even bigger now.
For decades, the Glass-Steagall Act separated risky investment banking from the ordinary banking of everyday Americans. But it was repealed in the late 90's, and now when banks' risky gambles don't pay off, working Americans foot the bill.