Although not directly (hear me out): logically. If his sentiment in this statement is true (Banks & others are not best capable of protecting their own shareholders), then he necessarily agrees with the central tenant of Glass-Steagall passed after regulators made his mistake in the 1920s. There mistake, which is the same as his, caused black Tuesday in 1929 & starting the Great Depression. They corrected this mistake for future generation in 1933 by setting up a firewall between investment and commercial banking. Risky Money ||||| Safe Money - and never the two shall meet.
We live in his mistake right now.
Who knows what Banks are leveraged with FTX.
Everyone can have their fun on the stock market, but Joe Hammer needs to be able to have a safe place to put his money if he doesn't give a shit about stocks.