What happens in the derivative portion of the CRomnibus passes and next month some unlikely event happens? For example deflation is paired with high job growth. As a result, a too big to fail bank finds that it hasn't properly hedged its derivatives portfolio. Derivatives, lets say those dealing with a wide range of commodities, suddenly detonate. The losses are in the trillions of dollars. The FDIC does not have funds to cover the loss. It comes down to either the government ponies up two trillion dollars right now or the banks deposit accounts are a total loss.
Everyone knows that Wall Street lobbied Washington to allow this situation to be possible. What do you think happens next?