In an effort to prevent some of the events that led to the financial crisis in the future, the White House will unveil a sweeping overhaul of the nation's financial regulatory system tomorrow. Suck it Wall Street!

There is one heartening thing that we can take from President-Elect Barack Obama's appointment of controversial ex-Harvard President Larry Summers as head of the National Economic Council. In the face of some opposition from those within his coalition, Obama appointed Summers to the role. It follows that the former…

Economic analysts on the right and left continue to openly suggest that we may not have hit bottom yet. If you want hope, don't talk to an economist, ask a novelist. Fiction writers tend to have a more optimistic view: once they've thrust characters into a financial abyss, they are forced to script a path out of it.…