Any country, that allows its business model, to have the coin of the realm, be controlled essentially by private enterprise, and such is regulated in a manner in which those banks, are sovereign over how and where they invest, loan, and manage money is going to be extremely beneficial not for the consumers of such, though, some may benefit; but primarily to the hand that controls that money, which is those banks. Further, if that lax governmental regulation permits these banks to pretty much do whatever that they want, no matter how risky or extractive, in which, should they fail or become insolvent, the government, through the use of the taxpayer's money, stored or borrowed, props those banks up, because these are considered to be too big to fail, as opposed to nationalizing those banks that have lost in the capitalistic game; then those banks, are in fit, form, and function, superior to the government that is supposed to be their regulator, and that government has failed to carry out its fiduciary duty to their citizens of its republic.
For instance, JPMorgan Chase made a profit of $9.65 billion in the second quarter of 2019, which represents the biggest, profit ever, by any bank in the history of the United States. The most troubling aspect of this profit, is the rather obvious point, that banks make their money from the loan of money so lent, through their management of the assets of individuals and corporations, as well as through their investments of their monies, so that in sum, this is primarily a zero-sum game, of which, the greater the profits of a bank such as JPMorgan Chase, the greater the extraction of money has been from the people that are clients of JPMorgan Chase. That is to say, JPMorgan Chase, makes money from money, for their business is money in all of its myriad forms.
Additionally, money is a quite obvious source of power, so that banks which are privileged to begin with, by being authorized to lend out money to consumers -- all at a level and leverage that they are in a commanding position to make a profit from, are able to do such, unlike individuals, because the cost of money to a commercial bank, is at a reduced and favored federal funds rate that consumers will never be privy to. In other words, the cost of money to banks is appreciably lower than consumers will ever be able to borrow money at; in addition to banks being permitted to loan out and leverage the money that they have had deposited within their institution, through a concept known as fractional reserve banking.
Today's banks are permitted to mint as much money as they so desire when times are good; yet on the flip side of the coin when times are bad through their ill investments, mismanagement, and imprudent leverage, in which, these banks thereby suffer losses of billions upon billions of dollars; they appear to be immune to suffering the just wages of those that have made mistakes. Because, recent history has demonstrated that this government is only too willing to prop up and to subsidize these failing banks, at the expense of every other company or individual which does not have this privileged governmental safety net; for the public is damned -- as when times are good, the banks make boatloads of money off of the American public, and when times are bad, they are subsequently bailed out by that exact same American public.