Realistically cash and credit is largely created by government and through licensed financial intermediaries. All this leads to an individual approving applications for funding and individuals applying. labeling it as crony capitalism is a disservice to both.
The real problem is to ensure that intentions leading to the decision are actually met and that regulation itself does not twart the efficent operation of this process. Weak high level ethical structures will bring about financial disaster.
Ronald Reagan and David Stockman