Regulation can not work if there is regulatory capture which in practice means that there are no penalties. As long as corporations have no skin in the game and

Regulation can not work if there is regulatory capture which in practice means that there are no penalties. As long as corporations have no skin in the game and only abide by short-term greed, it's in their best interest to keep finding loopholes and screwing everybody over. How many times has Goldman Sachs been "penalized" for bypassing regulations? Plenty. Have those penalties amounted to anything? Do you see their behavior changing when they practically own the US government?