So maybe it's not the best solutions (see above), but it's what could get passed. New regulations were needed.

OK. I think I get it now. If I am wrong, am certain that you will correct me.

There were problems with the financial sector so we needed more regulation, We were unable to pass effective regulation that really addressed the problem, so we passed Dodd-Frank instead because we really needed to do something and at least Dodd-Frank was something. Makes a lot of sense to me - NOT.

Kinda like passing the ACA because we needed to do something about high medical costs and uninsured Americans. That did not exactly work out too well either.

The political mentality that says:

We must do something.
This is something.
We must do this.

Generally fails...