Is the Tide Beginning to Turn?

Within the last few days I have been fairly astonished by two press reports criticizing Pres. Obama's financial industry regulatory plan for not going far enough. The first was an article by the lead business columnist of my local newspaper. The second was a commentary on "Marketplace" on NPR from a columnist of The Wall Street Journal! Both were saying that great wrongs had been done by the Wall Street types and, first, they need to be held accountable, and, second, laws and systems must be adequate to prevent a repeat.

I also liked one observer's comment that if we focus only on fixing laws and regulatory schemes we miss the fact that crimes were committed by people. So this view is supportive of the two press persons spoken of above.

Is it possible that certain members of the press and media are actually beginning to be honest about the financial crisis which besets us? I'm not so naive as to believe we have nirvana before us, but clearly if The Wall Street Journal can voice such strong criticism of the Wall Street tycoons, it would seem most anything is possible.