Children and grandchildren, the truth about your fathers and grandfathers who are bank regulators

Your fathers, or grandfathers who are bank regulators, actually thought that if banks were allowed to leverage more their equity with exposures to those perceived as absolutely safe, than for those perceived as risky, we would not have any more bank crises. 

And this they believed even though all bank crises in the world have resulted from excessive exposures to those perceived as “The Infallible” and never ever because of excessive exposures to “The Risky”. 

Sorry kids, I wish I had not to say this, but they were really stupid. For your sake, I hope it is not something genetically.

PS. If you think that I am being too severe with your fathers and grandfathers who are bank regulators, then think of all the fathers and grandfathers who are not bank regulators, and who will suffer seeing their children and grandchildren not finding a job, only because of senselessly risk-adverse regulations.