@revelette2,
Regulation can solve problems and create them. Our financial crisis of 2007 was in major part propelled by a perverse combination of Federal subsidies for Mortgage loans on property; Federal enforcement of specified fractions of mortgage loans to "disadvantaged minorities" under a mindless quota formula; and the widespread securitization of mortgage loans by Government-controlled and subsidized quasi corporations (Fannie Mae & Freddy Mac), both of which collapsed after huge Federal bailouts which far eclipsed those to major banks. The politicians who pushed these policies were all careful to solemnly deny they had any part in the collapse, but that laughably defies common sense.
The Greek financial collapse was created by the mindless borrowing of successive Greek governments to sustain their popularity and political power through grossly inflated government employment and restrictive regulation of free labor markets. This contributed to the destruction of Greece's economic productivity and its financial system, and correcting both has been a painful
process for the population.
Hong Kong, which has long practiced a fairly raw form of free market capitalism with minimal regulation, has seen its financial crises as well. However they are generally relatively mind and swiftly resolved, with prompt healthy recoveries.