Talk politics.

There is so much bs revisionism being circulated right now.

1st, banks ARE regulated.

The central bank's purpose is to supervise and regulate the US banking system and dictate policy. Its listed on the Federal Reserve's website:

What are the Federal Reserve's responsibilities?Today, the Federal Reserve's responsibilities fall into four general areas:

conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices

maintaining the stability of the financial system and containing systemic risk that may arise in financial markets

http://federalreserve.gov/generalinfo/faq/faqfrs.htm#3 (http://federalreserve.gov/generalinfo/faq/faqfrs.htm#3)

Banks ARE regulated.Therefore, what we're talking about isn't a lack of regulation, but rather a failure of it.

Of course, people being the un-educated sheep they are, they immediately jump on the "we need to regulate banks -- because banks aren't regulated" train.

If government regulation of banks, failed, causing this mess. What makes people think things will be any different with increased government regulation?The consensus fails, here. Then again, it often does.