Favor the rich? Well, of course. That's part of the motivation to get rich. Send your kids to better schools like Harvard where they make connections that even idiots can exploit into further wealth.
I'm an Army brat from an era when the Military didn't get such glorious salaries. I went to maybe 10 different schools unti, I dropped out and took a GED instead. I didn't go to college. Yet I was quite successful in a middle class way. I'm not Mitt Romney but I have more money than Joe Biden
. So yeah, I think ability levels the playing field.
How can you "not know" that the price of something is inane? If I asked you for $25 for a cup of coffee would you take one because my other customers seemed to be OK with the price? Or would you hold off thinking that my price was excessive and that when I lost enough customers, I'd be back to selling for $2.50? Remember, this was borrowed money and people assumed debts far beyond their ability to pay them. Wer the banks utter assholes also? Yes.
Banks as a public utility? Bad idea. I have insider knowledge of my power company and believe me, they are a pack of crooks. Regulated or not - you think regulators are incorruptible? You'll be paying $25 whenever you write a check. There will only be one bank in town with a few branches. The CEO will make $50M a year so next year it will be $35 to speak to a teller.