Banks and deregulation

Bank do not create anything. The purpose of a bank is to lend money and make loans. Deposits are liabilities and loans are assets. Before deregulation banks comprised about ten percent of GDP. After deregulation banks comprise Over 35% of GDP. Banks do not create anything. Since 1980 banks have been bailed out two times a cost of $1 trillion. Banks have created no income no asset no credit verication loans. Banks sell loans to make more loans to hide risk and Not be responsible for bad loans. Banks are not looking out for best interest of borrower like in the past they are looking For the loan fee. Fraud by bank occurred throughout the past crisis..fraud with loan documentation about customers Assets and income. Fraud was done so people could qualify and the bank could make the loan. The bad loan Was sold to reduce the risk and make another bad loan. When the banks were bailed out they were given money if people foreclose. Banks do not have the incentive to help People stay in their homes. Banks have begun to use standards again but are not lending to qualified people. Banks need either more regulations, Glass Steigel or more good regulations,or banks need to be public. Why is profit in something like banks? Banks are needed but will function better state run...see Bank of North Dakota or every foreign first world country.