I highly suggest that anyone interested in how investment banking works and doesn't...

Watching the movie Too Big to Fail.

It's on HBO and it really get's to the bottom of what and why all this happened.

When it was going on it seemed so mysterious, that no one knew what was going on and this shows that we were correct in that perception.

What needs to happen is far more regulation and to get the Investment Banks to be held accountable.

The claim they are needed in order for capitalism prosper but all I see is a bunch of rich white guys trying to get us to take all the risk while they share none of the profits. And as far as I can see, this is a situation that could happen again.

Reinstate Glass-Steagall so that traditional comsumer banking remains seperate from the investment banks that cater to those who have money and assets to risk.