The Fed is doing "Great" so far. Now it should insist on systems that will force us to learn the big lesson

The new system of check and balance should include the following "critical" and "essential" components:
1. Corporations should only be allowed to grow bigger if in the past they have clearly shown such great moral responsibility to the public. Examples of immoral performances are: Paying inordinate sums of money to officers and employees; a pattern of lying or concealing things from the public no matter how seemingly insignificant these things are; their record of hiring and firing quality and " moral "employees and contractors; etc.
2. The key officers of the company should voluntarily and consistently display to the public the full extent of their personal finances and those of their families that have any form of business or dealings with the company. An ideal executive would be someone who completely renounces any more additional wealth to what he already got.
3. Publicly listed companies should require key executives to subscribe to an oath that states their priority of allegiance: first, to the public; second, to their creditors; third, to their stockholders; and fourth, to their employees.