I actually love Vanguard, I never knew about Jack Bogle, I just think that they have some of the best ETF and mutual funds around. The problem with type-a personalities running Wall Street is they are the exact type of people who are likely to screw people over without any hesitation. For example over leveraging themselves in a high risk situation, tanking the entire system, getting bailed out and still having the arrogance to throw bonuses to high level employees. I have no problem with vanilla banking, but the smartest people arent going there. The smartest people are getting paid to push bank incomes by 2% at the expense of higher and higher risk. Eventually like in 08 this system eventually fails.