Ezra Klein proposes the problem as the solution?

Or maybe I am misreading what he wrote here:

Either way, the proper interpretation of Summers' comment is not that the world is full of idiots, but that it's full of human beings. Relying on perfect regulators or more responsible bankers will eventually fail. The work of financial regulation is to create a system that anticipates that inevitable failure and limits the damage it can do.

Which non-human beings (or idiots) are we going to ship in to create that system?!? This problem goes back to Aesop, around 600 B.C.