Stephan:   Little by little we are beginning to understand what went wrong. I just wish we could go so far as to fix it. Sadly, so great is the control of the uber-rich over policy development that it isn't happening, and probably won't happen. Therefore it will happen again. Probably quite soon. Bill Black is the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. He spent years working on regulatory policy and fraud prevention as Executive Director of the Institute for Fraud Prevention, Litigation Director of the Federal Home Loan Bank Board and Deputy Director of the National Commission on Financial Institution Reform, Recovery and Enforcement, among other positions.