Of course, that was before the financial system was propped up with trillions of taxpayer dollars, and before unemployment surged above 10% for the first time in 26 years.
Not that the likes of Goldman, JPMorgan and Wells Fargo mind: They're lending less and trading more, thanks to the Fed's cheap money. And with the help of their lobbying friends, they have stifled Washington's reform push.
So what have we learned from all this? Banks are still where the money is -- and on Capitol Hill, that's what matters.