@ Babalaas- You are so right. People often oppose further regulation because it will slow short-term growth, but without some regulation, those with fewer resources get hurt (the "poorest" 90% of Americans).
If the government implements regulations properly then many industries will see sustainable growth. Maybe we will also see professional ethics upheld. There has to be some way to place checks and balances on regulations so that they do not favor small groups with a personal interest in regulation. Regulations have to serve the majority…isn’t that the premise of a democracy?
Professional ethics should also apply to government. Government should work to serve the majority of those involved in the respective business transactions, not just those who will benefit the most. This is where our system has failed, resulting in cycles of boom and bust that get shorter and shorter. The last cycle only lasted 6 years, the next may only last two.