I agree to the extent that almost all regulation is aimed at the worst behavior of "evildoers", not the average bad behavior of "louts". Short of the worst beha

I agree to the extent that almost all regulation is aimed at the worst behavior of "evildoers", not the average bad behavior of "louts". Short of the worst behavior we all have "freedom", which starts to define what is acceptable, even though it shouldn't. Loutish behavior is best controlled by eliminating secrecy. Sunshine kills mildew. My argument is that bank positions are determined by potential louts, not so much by evildoers. But either type depends on nobody looking. Give us (literally you and me) the right data and they won't be able to operate the same way anymore.