This has the ring of truth about it............

"The complexity of modern finance has been designed, and has operated, principally to benefit financial intermediaries rather that the users of financial services.  The claims of Alan Greenspan,  Timothy Geithner and others, that the innovative use of new instruments made the financial system more robust, were false.  Interdependencies between financial institutions have increased to a point at which the system as a whole displays fragility born of complexity."

-John Kay,  Other People's Money:  The Real Business of Finance