Academic

For those who scoffed at my suggestion last Sunday that the regulatory response to recent events on Wall Street would be analogous to the New Deal (ahem and ahem), I offer today's WSJ:

History has thrown a handful of men together this week with a task that they themselves might have brushed off as unthinkable just days ago: Give the U.S. financial system its biggest makeover since the 1930s. And do it quickly.

In fairness, even I am surprised at how quickly my prediction is being fulfilled.

Remember, though, you read it here first.