A kind of temptation which crept into many socialists of the last century. They deluded themselves that the dynamic of human history will change forever after their revolution, ushering in socialist utopia.
Behind the two developments, we have common denominator: utopia junkies. Those who chased socialist utopia in their youth are now chasing financial utopia in their middle-to-old age. To them, the reality have always been stuffy unimpressive burden. It is something to be denied, opposed, and dismantled forever. If it cannot be dismantled, at least they have to fool themselves that it was.
1) most small banks do NOT include an investment banking arm that buys mortgage securities and derivatives
2) most small banks do NOT WRITE sub-prime loans on houses.