“You had an intellectual conviction that you did not need much regulation — that the market could take care of itself.... I’m happy that illusion has been shattered” [Paul Volcker, quoted in Louis Uchitelle, "Volcker Pushes for Reform, Regretting Past Silence," New York Times, 2010.07.09].
Bonus conservative teasing: Uchitelle mentions that the financial reform bill is 2400 pages. Why haven't I heard the same outrage from the tea "party" over this hefty legislation that we heard last year when the town-hall shouters would indict the health insurance reform bill as obviously bad by mere dint of its comparable page count? Where are the misspelled-placard-waving patriots warning that Uncle Sam is trying to come between you and your banker? I guess financial reform is too good of an idea for the teabaggers to counterprogram with lies about death panels or some similar oversimplified propaganda.