Thanks for this very helpful summary.

You highlight that only 1 country - the USA - has had 4 banking system bailouts and the costs have increased dramatically. That begs the question "why?"

Could it be the corporate capture of the US political and regulatory system by Wall Street?

Bob Monks has written about this recently http://hvrd.me/w18Obr
And a former senior vice president of GE has outlined a practical agenda for remedial action: http://hvrd.me/xY06zI

Is this a matter of professional concern for the CFA Institute? And if it isnt, shouldn't it be? Investors are, by acts of commission and omission, the enablers of this situation.