In response to Dean Baker: I would like to see the White House and the Congress working toward a comprehensive regulatory overhaul this very minute. What I don’t think we should do is rush the reform process through as an explicit response to this crisis.
If we didn't live in the world we actually live in, putting Wall Street reform on hold until we fix the immediate problems with the banks might make sense. But in the world we do live in, it is precisely because the banks have an immediate problem that there is some hope of reining them in. Here's why putting that off would lead to failure.
Elizabeth Warren, the chairman of the congressional committee that is overseeing federal spending on the Troubled Asset Relief Program, discusses reform of the financial system with Arianna Huffington and the anchor team of CNBC's "Squawk Box." Warren defends the push for greater Wall Street accountability in the TARP program, and explains why the country needs to reverse the deregulation of the past two decades. more »
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The decision by the House of Representatives on Wednesday to follow the Senate and vote for an independent commission to investigate the causes of the financial crisis is a significant win for the cause of accountability and reform on Wall Street. more »
In response to Dean Baker: I would like to see the White House and the Congress working toward a comprehensive regulatory overhaul this very minute. What I don’t think we should do is rush the reform process through as an explicit response to this crisis. 
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