Politicians: "Capitalism is unstable and we need regulators to control it and promote stability."
Capitalists: "We want to make something more stable than the current system."
Regulators: "Whoa there! Hold those horses! That ain't a move in the playbook! What will these madmen think of next, a full reserve bank? Shut that scheme down now!"
The 3 act play making sure the system is safe unprincipled men since ... I dunno, maybe forever. I doubt this Texan scheme will have a long life either.