From the Great Depression until its repeal in the 99, the Glass-Steagall Act prevented investment banks from combining with commercial banks. With that firewall removed, there was nothing to stop the creation of banks too big too fail. If that had still been in effect, we could have let the investment banks fail with out sacrificing the commercial banks and therefore the world economy.NOTHING in the market is too big to fail unless you have a government who refuses to let troubled banks fail. The CRA, the Federal Reserve, and GSEs caused this recent crisis.
Yes, that is a problem as well. I am all for only allowing only public financing of politicians, and ending the Citizens United ruling.Again, look at the statistics. The people responsible for regulating, responsible for saving banks, have vested interests in the banks that get saved and the markets that are regulated. If you want money out of politics, then build a wall separating government from Wall Street. Otherwise, businesses and governments will ultimately collude. Again, it is baptists and bootleggers working for a common goal.