Even mild Wall Street change is getting hit in Congress

This gives a pretty good indication of how strong the Wall Street lobbyists are in Washington. It also reminds me yet another problem during the peak of the TARP days when Wall Street shoveled out millions to lobbyists to help block any changes. They claimed that the money was completely different than the bailout money and some fools may have even fallen for that nonsense. (OK, maybe just five year olds fell for that story.)

Reasons for being against the mild Wall Street changes are all over the board. One of the few good ideas that has been suggested during the debate has been by Sheila Bair at the FDIC but even there, Geithner has shot it down. I'd hate to see what would happen in Congress if there was actually some serious reform on the table.