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Beware even bigger financial meltdown - A blistering government report hit Washington last week, and while politicians may want to look away, it must not be ignored.

Unless fundamental problems are corrected on Wall Street, our nation likely will face an even greater financial meltdown within years, the special inspector general for the Troubled Asset Relief Program warned.

"Even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car," said the inspector, Neil Barofsky.

The IG report said Wall Street's culture of taking reckless risks due to a "`heads, I win; tails, the government will bail me out' mentality, the market is more convinced than ever before that the government will step in as necessary to save" so-called too-big-to-fail institutions   Read Full Article...