How Banks Got Too Big to Fail

The phrase too big to fail is closely associated with the financial crisis of a decade ago, and it was used as a justification for government bailouts. It wasn\u27t always this way. There was a time when most banks were small, and they liked it that way. Today, just six banks manage more than half the assets in the entire U.S. banking industry. We\u27ll trace how it happened, and talk to the owner of a very different Lehman business about what it was like living through 2008. Plus, we\u27ll answer more listener questions about trade and take a look at just how well FEMA\u27s prepared for hurricane season