Bring back the Glass-Steagall Act of 1933, which limited the reach of investment banking into commercial banking operations. As we saw with the housing bubble of the 2000’s and its derivatives charade, investment banks felled the economy. Only with trillion dollar bailouts and ongoing public-private partnerships — which enshrined BlackRock Group as an unelected government player — was the economy nominally saved. (We do however have 35 trillion in debt, about half of which was involved via the Fed in this “saving” effort.)
Today, as a result of unfettered access of investment banks to commercial operations, we have groups like Blackstone, BlackRock, Vanguard, and State Street directly investing in American housing, on pace to hold fully 40% of US housing stock by 2030. These banks will bring us to a rentier society, where housing prices are fully decoupled from salaries.