The New York Times has an excellent article that finally applies some much-needed skepticism to the financial "reform" legislation, as opposed to cheerleading for it. Some of the criticism seems a bit excessive; one Yale professor is paraphrased as complaining that "the financial system would remain vulnerable to panics." Designing a panic-proof financial system seems a bit much to ask from any legislation, given human nature. And there's a case for just passing the darn thing and getting it over with to reduce uncertainty over what the rules will be -- the old, "I can make money under any set of rules, as long as I know what they are." Still, good stuff, and refreshing to see it in the Times news columns, of all places.