No......we ain’t even on the same page.
And the bank nationalization has yet to occur. The regulators of the banks are supposedly independent as they reside in the Federal Reserve. they are also inspected by the FDIC. The FDIC is subject to Congress.
The PCAOB, and SEC regulate public companies and set rules for accounting practices but they are subject to congressional oversight.
The problems occur when Congress does not do it’s job or is in one party hands.
In China, the CCP or the Communist Party controls everything from soup to nuts...and they outright own the banks.
Didn’t our government force banks to take government money to put them under their control, then micromanage their lending, dividend, and bonus policies?
Remember when Bank of America was the butt of jokes, when it was pointed out they wouldn’t even have to change their name?