As a result of some pretty irresponsible behavior compounded by some well-intentioned federal interference major financial players in the banking and insurance industry go bust and take a lot of others down with them
The federal government steps in with buckets of cash, handing it over with very little accountability to the same folks listed above in order to “save the economy”.
These same institutions with the same leadership behave the same way as before. Scandalous salaries, perks, bonuses and spending come to light. The press demands action!
And so the federal government is forced to set in and take control, not because they want to but because they have to, obviously the “greedy rich” cannot regulate themselves.
Next agenda item: healthcare.