Unfortunately Warren is correct about the damage caused to this country by big banks, but completely wrong about the solution. I would love to see this issue returned to it’s rightful place. In the hands of the ideology that wishes to see government out of the private sector.
Whenever you see a major screw up in the economy, you can be sure it’s due to government monkeying with things. Big banks get away with things because of government policies that promote such activity. When government tries to take risk out of the equation, it promotes recklessness. Nothing makes things less fair than government notions of fairness.
Banks partly to blame due to the crony capitalists making deals with the government. Some of the other banks though were forced into the situation of making high risk loans due to the strong arming by the government (Dodd-Frank anyone?). Both contributed to the situation.
Crony capitalism is not capitalism. It is borderline fascism, where there is some negotiating with the crocodile to get eaten last. NO DAMMIT, YOU KILL THE CROCODILE!