@JohnAskew: Well in case of regulation in the banking or insurance sector, you have a Charles checking and regulating nearly everything.
Set of basic laws, I'm all for that. A library full of rules and regulations, no thanks!
Government is not the cause of the problems.
The cause? No, maybe not. The solution? Hell no. They only make problems worse.
The difficulty with these type of problems is determining what the root cause is and what damage it does. When government marches in and starts implementing 'solutions' for the problem, it's very difficult to see what other problems it creates. And then when it presents 'solutions' to these other problems, what additional problems they create.
You end up with far too many regulations, with far too many loopholes.
And was the damage that the problem you began to solve actually worth all these additional problems with additional damages.
It might take one drop to spill the bucket, but what filled the bucket in the first place?
Was a shrinking economy really that bad for the USA, so that the FED should step in and start lending out money at 0,5% interest to banks?
Sure you get a small recovery, but once that money runs out, you end up in a deeper hole then you where in initially.