You're very much correct. Open market activities are another lever, which only incentivizes poor behavior from a concentrated banking sector. Glass-Stegall would remedy many of the issues we have come up against and will into the future. Banks shouldn't gamble with depositors money, yet those bets are effectively insured under current law; they can securitize the next dog shit product or take over-draft fees from broke people, there's no need to risk the entire fucking economy for bonus season.