Wall Street Rules

Funny how we don't feel the need to do things until something goes horribly horribly wrong. Senate is piecing together legislation setting rules for Wall Street. To be honest, I don't understand the details. I do, however, understand that the legislation would create a council which would determine which institutions we need to keep a closer eye on. The criteria would be the size of the financial institute and the threat it could pose for the economy. I understand the concept of a free market, but sometimes that simply doesn't work.