Prior to heavy regulation, we allowed the same sort of abusive behaviour, except it would be followed by a whole bunch of people, who had no hand in the impropriety, losing their life savings.

If you want to give ammunition to anti-capitalist movements, I strongly endorse returning to this model.

Of course, if you want to give ammunition to anti-capitalist movements, I also recommend that we continue to bail out the people who did have a hand in the impropriety.