I see both arguments here. Wall Street doesn't want the government to interfere as they often have a history of creating bureaucratic hurdles costing companies and individuals lots of time and money. There also seems to be an opinion that you can't reduce the risk of the market. However, the greed and corruption in Wall Street most recently causing an economic recession and calling for a bail out proves that something needs to be done. We shouldn't always jump to the conclusion that regulations from government agencies are going to fail. That same logic can be applied to Wall Street by assuming that if we don't regulate them, they're greed and corruption will destroy Main Street. Both have historically been true, but the latter has been more recently, and more drastically true. So, I think it's worth a shot to regulate the Wall Street crooks until we weed out some other crook in our government trying to play the game for his/her benefit.