[notduncansmith]

> It sucks because it is closed and no one can join.

Playing the devil’s advocate, limiting the number of bankers may make it easier* to regulate their behavior as a whole, because there are fewer of them to monitor/investigate. Predatory or exclusionary lending can be difficult to detect and curb already: increasing the number of actors to regulate may make it near-impossible. What are your thoughts on protecting borrowers in a web-scale marketplace of lenders?

* independent of other variables, such as the ability of the wealthy to influence policy in their favor

[stagas]

Exactly, nothing is stopping few individuals from becoming mafia. Eventually a secondary system needs to be established to regulate those guys at gunpoint, then voila, you've got current society.