Despite all that has happened since 2008, banking remains a very peculiar business—peculiarly cosseted, peculiarly financed, and peculiarly risky. Indeed, its current prosperity reflects not just the over-all economic recovery but the persistence of many of the factors that got us into the financial crisis in the first place: an emphasis on trading rather than lending, a high degree of leverage, and implicit subsidies from the taxpayer.
John Cassidy, The Problem with Record Bank Profits
In other words: nope, lessons of the giant Credit Crisis haven’t been learned. It’s just a matter of time before history repeats.