If Obama means it on bank reform, it's great

It's about time that President Obama listened more to Paul Volcker and less to Larry Summers and Tim Geithner, especially if it produces concrete results, at least from an administration point of view. (Congressional action, of course, is the sine qua non.)

And, if it took Scott Brown's election in Massachusetts to be the final push, then that's the silver lining of that cloud.

That said, while details of Obama's proposed bank regulation plan sound great, including attracting the initial interest of John McCain across the aisle, let's see how hard he fights for all of this.