Yep. When the government was debating what sort of nonsense should go into Dodd Frank (essentially punishing the actors who were using the system, but didn’t CREATE the system) I just looked at where they were going kind of bemusedly, since the obvious solution was just to increase the reserve requirements for each sort of derivative the bank wanted to invest in. This would, of course, permit them to bail themselves out if a bet went bad (and if they had to do that, they wouldn’t make as many risky bets.)

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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