[hgomersall]

So they should be told not to do that and be put in prison if they persist. We (the people) make the rules, but the regulators are rather too cosy with the bankers.

I'd start by stopping any securitization and having the banks keep all their loan assets on their own balance sheets.

[TheOtherHobbes]

We don't make the rules. They do.

If sensible people made the rules the financial industry would be stable and boring, inequality would be far lower than it is, prosperity would be far wider, and life would generally be more pleasant and financially successful - not just for a small cadre of middle class programmers, but for everyone.

[CamperBob2]

How often we've heard these sentiments. "If only sensible people (meaning the ones who agree with me) made the rules..."

[Jochim]

I'm not quite sure what your point is. We ask exactly that question to voters at each election.