Meanwhile, although the rules under consideration may make life much more complicated and costly for many U.S. investment banks, bank stock prices are heading happily upward, on news from Europe promising resolution of the knotty fiscal and monetary issues there.
Before the auction, I argued that I didn't see this happening, but going by the astronomical figures attained, we will have to tread warily to ensure the integrity of the game stays strong and heading in an upward direction.