Why is FT such an apologist of absolutely failed bank regulators?

Sir, referring to “a new post crisis world marked by tougher regulation and supervision”, you end with “If bankers are to regain public trust, they must learn the lessons of the past”. “Bankers brace for a brave new world” August 23. 

Excuse me… what lessons of the past? Those lessons regulators themselves have not understood yet and therefore, with their risk-weights, they keep on shepherding banks with little equity into corrals where the most dangerous “absolutely safe” wolfs stroll freely?

Brave world? What a laugh, with now also Basel III liquidity requirements, it sure looks just like the world with too many too frightened nannies of lately? 

PS. FT reporters... dare to ask The Question!