What Has Changed?

CNBC has been annoyingly touting their one year anniversary special on the collapse of Lehman et al for weeks and the end of Wall Street as we knew it.

The NY Times takes the other side this morning with their excellent article "A Year After a Cataclysm, Little Change on Wall St."

The question should be whether things are going to change. The article correctly points out that while many of the players have changed, the motivations are the same and the rules have not yet changed much. There is still money to be made.