Paul Krugman has already been saying we’re in a depression and Nouriel Roubini is not sounding very confident in the future either. What was too-big-to-fail in 2008 is now even bigger and the banking problems remain. Because the bankers could not control themselves and have continued to shower themselves with riches, it won’t be possible politically to bail them out the next time.
While pessimistic, this is an interview that you want to watch. The problems that we’re facing are not pretty and any answers that we have had in 2008 are no longer possible now.