The Bogdans are navigating this recession just as they have every other one over the last seven decades: by staying small and doingthings their own way.
And even if we get regulations, where there's a will there's a way, and Wall Street will find a way around it in the small print or the large print, or maybe even doingthings that are not allowed but they'll do them anyway and get away with it.
And this is a good first step, both on the substantive merits and on the psychological relief it gives to the American people in general, and the small business people and community bankers and others who can start doingthings that will help get better in particular.