Haha. Indeed. Obama is rapidly moving us to a planned economy, but with the central planners residing in the largest banks in Manhattan, namely Goldman, Citi, etc.
But some on this board seem to think that we need a whole bunch more regulation for the financial industry. The fact is that the big players LOVE more regulation because it creates a huge barrier to entry that protects their position, and they have the lobbying clout, compliance staff, and posh lawyers to skirt the regulations themselves.
Precisely! The best regulation, is Natural Selection.
Meddlers Meddle though.