It's a start though the moment seems to have passed in Washington. With more problems ahead for the banks (such as commercial real estate and increasing unemployment) this should help move along the process. The difficulty here is that Washington let the Wall Street lobbyists run wild for months and take control of the issue. Reuters:
A U.S. financial crisis fact-finding panel will hold its first meeting on Thursday, in what may be the Obama administration's best hope of reinvigorating a push for tougher financial regulation.
The 10-member Financial Crisis Inquiry Commission -- headed by an ex-California gubernatorial candidate -- is charged with getting at the roots of the debacle that late last year brought world banks and capital markets to the brink of collapse.
