Today, my senior appraiser told me I had to watch the Charlie Rose Show  he saw Monday night called “A discussion about the crisis on Wall Street ” with Lawrence Summers , Charles Gasparino , Andrew Ross Sorkin , Nouriel Roubini  and Josh Rosner .
He was right – it was engaging (not many have the interview skills of Charlie Rose). I highly recommend watching it.
While you’re listening, take a look at Megan McCardle’s of The Atlantic’s post called Hindsight regulation .
I hope that this will result in deep changes to our regulatory system, starting with unifying the diverse bank regulatory body, and giving them a stronger mandate to watch systemic risk like a hawk. I hope the GSEs will be broken up, stripped of their government guarantee, and regulated like other companies that do the same thing. I hope the central bank will pay more attention to inflation, and less to unemployment.