Greed explains nothing. People will be greedy when they are incentivized to be greedy, and thrifty when they are incentivized to be thrifty. There are plenty of

Greed explains nothing. People will be greedy when they are incentivized to be greedy, and thrifty when they are incentivized to be thrifty. There are plenty of incentives, I might add, for regulators to be greedy though.