Here's another video about the banking system and the financial collapse. Simon Johnson says that there are only two solutions to the problem of big banks: either let them collapse or bail them out, both choices being somewhat scary. There are no other resolutions for the problem of "too big to fail." Instead, the banks are getting even bigger and, therefore, more unstable and risky. The old bank structures, which failed in 2008, were reinforced by the bailouts.
The video can be found here
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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage". In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia