To set the economy right, the world's central banks tried to infuse money into the system, give short-term loans to banks. The public remained livid, because the central issue of rebuilding trust was neglected.
Thursday night's passage of Wall Street reform is an event to be celebrated, but several key issues remain in play as the House and Senate iron out differences between their respective versions of the legislation.
There are two consumer protection amendments getting serious attention on the Senate floor this week, one of them positive, one of them incredibly destructive -- the kind of amendment that can actually sink the bill if adopted.
The most important fight from here on out is protecting the surviving elements of the derivatives bill crafted by Sen. Blanche Lincoln. Lincoln's bill would force big banks who deal derivatives to spin off those operations into separate companies.
Icelandic rage over the Icesave fiasco differs from the "populism" of the Glenn Beck led right-wing in the U.S in that, while Icelanders are standing up to the banks, they are also standing up for each other.