The banks, the financial institutions themselves, they’re probably not going to accept a bailout the next time. And I worry that when the next domino falls…it will fall, and when it does, I’m not sure we know who’s going to be there to catch it.

Does anyone actually believe that banks won’t be demanding bailouts—and getting them—the next time they get into trouble?

Come on.

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.