Central planning got us into this mess. So their solution is more central planning.
Not necessarily. Wall Street, i.e. the financial community has proven time and again that it cannot police itself. There is much more to come over the MERS scandal, and it's going to cost banks much more than $20 Billion.
The only way to get us out of this mess is to ratchet down the use of leverage, and enforcing hard limits on the use of leverage by financial institutions is a legitimate function of regulators, i.e. the government.
But it was a kinder, gentler, more compassionate central planning.