Blame Pres Obama/his admin if that makes you feel better, but years of no/little banking regs under the Bush admin created the monster banks we have today. Watching JMP execs' testify at the Senate committee yesterday regarding $$$ lost in their London "whale trade" it was evident the big guys still take big risks, still mislead their investors, and still mislead the gov't - actions that should land their top execs in jail, yet JPM's CEO Jamie Dimon was not even asked to appear at yesterday's hearing.
"...the empty desks of 20 children marked absent today, and forever"
-Poet Richard Blanco at President Obama's Inauguration, 01/21/13