“Washington may also be tempted to go on as before for the same reason it did in the wake of its Continental Illinois and Long-Term Capital management bailouts. Back then government regulators and financial executives came to believe: if we can fix this, we can fix anything. If the Economy allows Lehman’s collapse and the visceral fear that it created to recede into history, elected officials and regulators may feel a similar sense of accomplishment that they rescued the economy from a new depression- not that they won a temporary reprieve that, without real reform, only increases future danger.”

From After the Fall:  Saving Capitalism from Wall Street- and Washington by Nicloe Gelinas

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