Neither is likely to happen, although it might be politically possible force the breakup of the Big Banks as AT&T was broken up into the Baby Bells.
There are four major banks in the US, the product of mergers, acquisitions, and cannibalism.
They are now considered to be “too big to fail.”
Too Big To Fail means they are virtually guaranteed any federal bailout, handout, or political consideration, by the mere threat that the economy and depositors might be at risk.
They have a stranglehold on the federal government and the US Treasury.
The Big Banks pass out largesse to Members of Congress and hire Members’ relatives. Their lobbyists are appointed to regulatory agencies, Cabinet positions, and Departments. Their bribes hold the ears of presidents and Senators. They dictate US financial policy and virtually control the government.
They live by rules which do not apply to the rest of us.
For all the criminal conduct of the banks and bankers in the economic collapse under George W Bush, not one single bank or banker has been indicted.
The odd fine has been levied, but fines are merely the cost of doing business, and are borne on the backs of investors, mostly pension funds and mutual funds, the retirement funds of union members and individual investors.
The criminals remain unscathed.
I believe the banks should be nationalized; that loans to students and the public be at non-extortionist rates; that rather than bailing out criminals we should be bailing out homeowners; that banking should be a service of government, not a weapon in the hands of criminals.
But then, I am a socialist.