If "the public" doesn't have the means to assess it, do you really think that a handful of regulators will have the means? After all, the public is a superset o

If "the public" doesn't have the means to assess it, do you really think that a handful of regulators will have the means? After all, the public is a superset of the regulators. Didn't we already try the whole a-handful-of-experts-in-the-government-will-keep-the-system-safe thing leading up the last financial crisis? The portions of effort just aren't there to make that work. One single large financial institution can employ many more lawyers and accountants intent on skirting regulation than law makers and gov't agencies can employ intent on reigning them in.