I would not bank on it Ms. Whitney, because financial firm executives and their lobbyists are out in full force with interviews and articles explaining that proprietary trading, derivatives risk, etc., did not really contribute to the collapse of the financial system, and need not be regulated.

Congress has incentives of its own for arriving at the same conclusion.

During the 2008 elections Wall Street provided candidates with $155 million in campaign funds, roughly $88 million to Democrats, and $67 million to Republicans. In the year after the election Wall Street firms and executives handed out $42 million to lawmakers, most of it to the members of House and Senate banking committees, and House and Senate leaders.

This is the mid-term election year when their re-election looms larger than any other consideration. So expect Congress to continue to talk the tough talk that voters want to hear, but by stalling until the anger dies down, to eventually be able to walk the walk the financial industry is paying for, meaningless but noble-sounding regulatory changes.

What's ahead for US commercial real estate
http://globaleconomicanalysis.blogspot.com/2010/02/commercial-real-estate-apocalypse-in.html

911 free? Not here.....
http://market-ticker.denninger.net/archives/1991-911-Just-Became-Worthless.html

Denninger on Bernanke
http://market-ticker.denninger.net/archives/2001-FedSpeak-Humphrey-Hawkins.html