This appears to be an excellent and concise assessment of the financial reform bill that is working its way through the US Congress that has been much ballyhooed in mainstream media.
Part II is here.
And what is our massive reform in response to what the FBI warned was an epidemic of fraud, warned in 2004? Essentially nothing to deal with any of the underlying causes, nothing to deal with the fraud, nothing to deal with the executive compensation, next to nothing to do with the professional compensation, nothing to do with the accounting abuses, no effective steps against the systemically dangerous institutions or the financial derivatives.