more regulation is put in to detour the very greedy from taking everything
Perhaps true to some extent, however regulation better serves the purpose of maintaining the status quo, which benefits the incumbent wealthy while providing barriers to aspiring up and commers. This is certainly the way regulation is used in Brazil and other Latin American nations.
In my opinion, it is better to have a dynamic system, where those who are good stewards of the nations wealth get more to manage, and those who are lazy or irresponsible stewards of wealth are stripped of it by market force.
By the way, exactly what “new creative financial products” would you like to see expunged?
