the right thing

Now that the government has stepped in and backstopped all markets, it is time for Congress to pass regulations that will allow the markets to function on a more normal basis. In April 1998, when Travelers and Citicorp merged, dooming Glass-Steagal regulations, they replaced it with basically nothing. We need regulations that are flexible, helpful, and provide adequate protections. Let's hope that the momentum we have now isn't forgotten after election day.