Banking has achieved de facto regulatory capture. We see the same patterns over and over again of the consequences of high risk systemic behavior being born by

Banking has achieved de facto regulatory capture. We see the same patterns over and over again of the consequences of high risk systemic behavior being born by taxpayers, but it's business as usual for everything continuing the status quo. Unless voters start creating pain at the ballot box, it'll just continue. There's also unfortunately some practical issues with prosecuting finance crimes. The cases are long and difficult to articulate to a jury. The SEC, IRS, etc have limited resources by design of congress, and so prioritize slam dunk cases and plea deals. The exception seems to be if enough big investors get scammed.