The path to deregulation creates a "market for lemons". Suppose any bank was completely unregulated and could abscond with your money and the government would j

The path to deregulation creates a "market for lemons". Suppose any bank was completely unregulated and could abscond with your money and the government would just shrug its shoulders. Great, now there's no trust and everyone will go back to stashing cash under their mattress and you've killed the banking sector. The extent of regulatory capture in the US is a problem it's created for itself by normalizing huge political donations allowing corporations to buy regulation.