What does everyone think? Do we need this? Or is everything great as it is and we just need a bit less regulation and everything will be fine?
And how about politically? Is this is a good fight for republicans to pick in an election year? Will they all oppose it like healthcare reform? And will voters see this as standing up to government tyranny or defending powerful wall street interests?
I can't speak to the details of the bill yet, but I think it's a mistake both politically and for the country for the leadership to be considering this as it's next priority. I think people are more concerned about their own jobs and purchasing power than what happens on wall street. Stopping abuses that may lead to another economic hole won't create jobs or lower the debt. I doubt any plan will make a real difference in it's effect on preventing abuses.
Politically, the republicans will probably win the TEA party's approval for their efforts, which may be critical for election this year. But as before, I'm sure republicans will come up with their own plan, and the democrats will still claim that they don't have a plan, are obstructionist and siding with the banks, regardless of the bills they put forward. Some will be fooled by the democrats message, but most will not. Healthcare and the constant lies have made voters much more sceptical of anything they are doing.
There is plenty of hate towards wall street to draw on, but again, I think they are going against the people's wishes in general just pursuing this, and will hurt them ultimately. You can only deflect the hate from the government for so long.
Ask the people what they want government to work on, and it doesn't match with the democrats agenda.