I just finished reading "Panic: The Story of Modern Financial Insanity" by Michael Lewis.  Four recent financial conflagrations are covered, with the inclusion of happy-talk columns before each, befuddled items during the panics, and post-panic articles that show we have not learned very much from them.  

Of course the final section is about the housing bubble (boosted by Greenspan) that investment banks are still totally responsible for, and for which they have not been sufficiently punished.  Return of Glass-Steagall would bar investment banks from f**king over consumers, and would make consumer banking the dull business it should be.  No chance of that.  CNBC's Jim Kramer is unmasked, once again, as the idiot he has always been.

Now it's the credit card debt that is ballooning.  I once gave a commencement address that, before delving into the expected high-toned prose, advised graduates to attack their credit-card debt (even before student loans) and to never incur it again.