Not in everything, but definitely in this, the founders were right. The financial industry got too powerful, and they assumed and operated as if they were above the law. And the rest of us paid a huge price, and are paying it still.
If Obama wants to run against Wall Street in the 2012 campaign, he needs credibility to do it, and he took a big step toward getting it last night. But victory can't be declared until the banks actually move several hundred billion in mortgage writedowns, and some indictments are issued.