If Congress was really serious about strengthening the financial regulations, it would have restored the budgets of the existing regulatory agencies and granted them authority to enforce the new financial rules. But no, we have to have window dressing - a "new" agency - that will report to the Fed, which is like having the fox guard the chickens. I don't expect much out of this new legislation except more work for lobbyists.

MEJanssen, Spot on, everyone knows what really needs to be done to fix the system, proper regulation. The problem is that the big rich foxes have another system, called fill their pockets up and bugger the rest. They certainly don't want any more chiken wire on the coups. They just want to kill and cause carnage, regardless of their sustainance needs. So the game goes on and on until all the chickens are dead and the people who look after them as well through starvation. Then the foxes need each other, until the last fox dies - an exclusive from Fox news!

every single "majority" viewpoint leaves me feeling pretty worthless. america is pretty much doomed to crippling depression: we don't manufacture, the wealth is distributed badly, and it comes from the wrong place. of all my friends, about half have jobs; and of those, one or two are doing work that could be considered meaningful (one was a farmer, another one built houses, one works at the santa cruz diner). there are a couple more people shoveling fast food down the throats of the american consumer, and the rest (myself included) are unemployed, without benefits. and the financial regulations purposed involve setting up a bailout fund... for large financial institutions. wells fargo would replace every teller with an atm machine if they could, i'm absolutely sure of it. just like other industries can replace line workers with robots that build things. you can't sell goods to robots, and an atm machine will never make and deposit money on it's own accord. none of that bailout money will ever find it's way to the people that keep the economy alive.