If anything is mythological, it's this: > Regulations exist to protect the whole from the greed of a few. That's clearly one reason, and certainly the most co

If anything is mythological, it's this: > Regulations exist to protect the whole from the greed of a few. That's clearly one reason, and certainly the most commonly cited reason, but it's equally clearly not the only one, and it's certainly not the only outcome, whether intended or not. The best buffer against "the greed of a few" is to allow real competition. Lightening regulations on smaller banks is quite likely to encourage competition.