I was warning you about this late last year, this banking regulation stuff is populist(even if it looks bad) given hatred of bailouts and banks that some republicans will join democrats on. Even now with democrats even more unpopular they see this as an easy win.
If dems get enough R defectors, republicans will lose the issue completely. Republicans could still turn this around politically , but it will take determination and skill that I dont see just yet.
We need to replace at least 1/3 of the House & Senate Republicans, or we are finished as a nation.
I'm thinking that, since the regulatory power is in the executive branch, if we elected a good faith conservative POTUS in 2012, the abuse of regulatory powers could be minimized.