Wall Street has hardly cornered the market on immorality or virtue. But few industries massively impact as many people as Wall Street, and that is why it is incumbent on Congress to overcome petty turf wars to modernize the regulatory system and align it with the realities of the modern market. The regulatory system is the balance between the market and government. So far, the market is firmly in control. Wall Street’s fire hazard insurer is the federal government, here and abroad. Main Street pays the policy’s premium. The credit crisis institutionalized the concept of moral hazard, which is now almost automatically assumed by national governments. At the onset of the twenty-first century, failure is not an option because the consequences are catastrophic. Letting Lehman Brothers file for bankruptcy is often cited as the reason why a financial crisis that began in the subprime mortgage market spread like fire through the world’s financial system. The future will be difficult and the gap between the haves and have nots will widen even more than it is today. Increasingly, the gap will be measured not just by material possessions, but by knowledge. The financial industry must better educate their customers.