Financial Reform

Time will tell if any type of real reform actually occurs in the financial industry related to the recent announcements regarding this issue. It was obvious that some action would be necessary due to the staggering results of poor management and lack of vision. Are the actions by the Fed appropriate? Is deregulation part of the problem? Maybe monopolies and not competition are the results of deregulation, along with higher prices and bailouts. This can be debated at length due to the fact that the results vary greatly depending on what industry is being discussed at the time. Whatever the answers, there is an uncertain and bumpy ride ahead.