I would not be so optimistic.. nor pessimistic. financial regulation is make or break for the US. From here, it looks like this has been is unique, big, humongous blunder... but I could be wrong. We will see what the senate passes. The House bill is a very good bill for a first round of regulation.. but would the Senate bill be better than the House bill (like the Health care bill), and if not that much, when we will have the second round of regulation?

Do we really need a second financial crisis?

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude