[Johnny555]

Because we don't like it when the government unilaterally acts on our behalf

We're not all libertarians and many of us believe that the government has a hand in promoting a well functioning society -- including regulating bank-like entities to be sure that they are a safe place to keep our cash.

While I know that Paypal isn't a bank, it's not at all obvious that my money is less safe stored in my Paypal account than in a bank and that if Paypal goes bankrupt tomorrow, I can lose whatever cash I have with them.

[ryandrake]

Exactly. If I had to pick only one job that I want the government to do, it would be coming down like a ton of bricks on companies that are behaving badly and profiting at the people’s expense.

Most of the problems in the USA right now can be root caused to “the rich and corporations running roughshod over everything and everyone.”