WAS W TOO EFFECTIVE?:

Finance Overhaul Falters as '08 Shock Fades (DAVID ENRICH and DAMIAN PALETTA, 9/09/09, WSJ)

On the regulatory front, Democrats' efforts to rework the rules for finance have bogged down amid infighting between federal regulators, fury among bankers and opposition from many lawmakers who believe that further expanding the government's reach will only create new problems. The all-consuming debate over health care has damped enthusiasm for tackling such complex legislation.

Meanwhile, major U.S. banks have regained their footing, and some of their swagger. Profits are off their lows. Large compensation packages are back. And so is risky business.

Perhaps President Bush was too aggressive and too effective in saving the banking system before derivatives were regulated?

Posted by Orrin Judd at September 9, 2009 7:47 AM