We have come to accept massive incompetence by the financial industry as the norm: There are the systemic failures every ~10 years (S&L's in the 80s, LTCM in th

We have come to accept massive incompetence by the financial industry as the norm: There are the systemic failures every ~10 years (S&L's in the 80s, LTCM in the 90s, the Great Recession in 2008), incredible levels of fraud (and that's only what was detected), computerized heists costing tens of millions of dollars or more, money laundering, etc. The industry can't be trusted and needs to be cleaned up and properly regulated. Their self-image as brilliant people who are 'masters of the universe' is remarkable.