We need a new word for government subservience to corporations, "fascist" applies to a partnership in which the government dominates, but our current gov. is led around by the nose and wallet. Regulation gets de-fanged, under-funded and subverted.
One problem is that the financial wizards concoct schemes several steps ahead of the law, which is always trying to deal with the after-effects.
One of the worst Supreme Court decisions was their interpretation of "honest services" as not applying to intent or results, but allowing "new" ways of cheating because the rules were lagging behind creative dishonesty.