Aka, self-regulation. Hahahahaha. We're old enough to remember the concept of "living wills". And how it took years and millions in professional fees for banks to comply. AND, fyi, those wills just got kicked down the road. Self-regulation, that's a good one. As it turns out, a new report concludes that "indicators of bank soundness have not recovered to pre-crisis levels." Still laughing. "In the United States, where the crisis originated, a new wave of deregulation appears to be underway: the government is considering reducing provisions of the Dodd-Frank Act and reviewing rules on financial advisers’ conflicts of interest. This may lead to the re-emergence of fragilities that post-crisis regulation aimed to tackle." Ugh. Laughter replaced with the pounding of beers and tears.