A former SEC Commissioner recently said to me "Never let a good crisis go to waste." That post-crisis sentiment has been echoed by the Obama Administration, lawmakers and regulators alike.
You might think a near financial melt-down would have at least one benefit: a chance to re-boot the regulatory process and start anew. While almost everyone agrees that we need to create a more streamlined and nimble regulatory process, there's little consensus on how to get there. It's kind of like heaven...everyone thinks it's a great place, but no one wants to be the first to go.
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