>the same bankers who famously opened millions of ghost accounts for customers [0][1], laundered money [2], or let rogue traders exploit moral hazard [3]. A ha

>the same bankers who famously opened millions of ghost accounts for customers [0][1], laundered money [2], or let rogue traders exploit moral hazard [3]. A handful of examples doesn't negate centuries of of financial history. And I love how you state "allowed traders to exploit..." as if this has anything to do with banking ability. Is there an industry on the planet that doesn't have such examples? Perhaps we should run our own mines, develop our own social networks and produce our own cars locally, too? There are scandals everywhere you look. >to decide what kinds of investments would be allowed and not. Oh that would be brilliant. Most people don't even understand elementary finance. Even on this board, you can paste data from the financial reports and have it downvoted.