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The Congressional hearings of the past few years have proven telling, unearthing an acute awareness of wrongdoing within the financial sector. Former employees, mostly the whistleblowers who lost their jobs for the sake of ethics and high moral values, have finally been heard. The government too has acknowledged its lack of oversight, and pledged to change supervisory rules to better protect Main Street. Still, as financial regulatory reform nears its final stages toward law, President Obama has had to reopen a forum to argue the case against the push of financial sector lobbying. The word on Wall Street is that insiders will tell you regulation is needed, but only in whisper and in side alleyways. Consistent with recent trend, Republican legislators argue that the Democrats have the wrong kind of reform, or that they are overdoing it. On podium, Democrats argue that Republicans lie for the sake of politics and lobbyists.
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