The Great Depression lasted from 1929 to 1936 and was caused by excessive business and consumer debt, combined with de-regulation of the banking and investment industries and a rapidly growing wealth inequity. Sounds pretty familiar, doesn't it?
It is exactly what Reagan started, and Bush No. 1 and Clinton continued. The Bush administration had done more damage than all three previous administrations as he jumped to the string-pulling demands of his wealthiest corporate sponsors. Yeah ... like "go shopping" is a rational suggestion to market woes, and the "industry will regulate itself" is a proven way to business restraint. All we need now is a massive inequity between the number of wealthy as compared to the 99 percent of other Americans. We now have that too, at a bigger amount than ever in American history, so the three main things that caused the Great Depression are in place.
OK ... who gets hurt, who gets blamed, and who makes a profit. The investors, corporations and banks are "too big to fail" and will be bailed out by the government. The taxpayers will be the only ones to suffer from the mistakes of those whose arrogance kept them from learning from history.
We, the taxpayers, as individuals are not too big to fail. We are the ones who will pay for the bailouts that will save the wealthy from their arrogant abuses of a system they insisted they could run without those pesky regulations that made America prosper from the end of the last time they were given free reign over the market. We are the suckers who are getting fleeced yet again by those of wealth and power, who could care less how they make their lives more comfortable at our expense. If you have a clue ... no amount of soap will wash you clean if you do nothing to change things.