Not sure this is a good thing. More _money-from-thin-air_ and empowering of the largest debt creators; less reserves required for them. More money from nothing. More debt.
It goes much much deeper than simply debt it was the most sweeping regulation of private banks forcing many out of business up to the point of nationalizing the banks. It costs Billions every year across the financial industry with onerous regulatory overhead that I doubt the government monitors a tenth of what they passed.
It was control plain and simple like the majority of what they pass