[JumpCrisscross]

> with close to nil accountability

Bank regulation is open to be criticized. But it's far from "nil".

> First to central bankers, and now to private bankers

Money was originally printed by private parties, then by banks, and most-recently by central banks.

[Qasaur]

>Bank regulation is open to be criticized. But it's far from "nil".

Bank regulation is political and is regularly criticised, I'll give you that. However, the Federal Reserve and central banking is borderline immune to any form of criticism from the electorate partly due to a lack of understanding but also due to the widespread perception that central banking is somehow a necessity in a well-functioning economy and that its operation and development should remain firmly in the domain of "experts" like economists and others. I blame out-of-control scientism in economics for this one.

>Money was originally printed by private parties, then by banks, and most-recently by central banks.

Apologies, I phrased my sentence badly. It was more of a figure of speech rather than a historical account.