The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many -- including Paul Volcker, the chairman of the White House's own Economic Recovery Advisory Board -- to break up too-big-to-fail banks. Those behemoths, cushioned by the government's bailouts, low-interest loans and guarantees, are back making bets that put the entire system at risk.
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