So besides the millions of dollars of lobbyist money from Wall Street, what’s stopping this? The Democrats are nuts and will deserve a thrashing in the elections if they blow this one. Of course, they will blow it and they will be thrashed. The Democrats simply don’t have the stomach for a fight that everyone outside of Wall Street wants. Why should anyone support a party that fears an issue that is so popular?

An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday. The findings suggest that 82 percent of Americans want the government to clamp down more strongly on Wall Street excesses, with a particular emphasis on bonus schemes that have rewarded employees at loss-making companies such as American International Group.