“It was a man bites dog day on Capitol Hill yesterday.

 Wall Street veterans, fearing they will completely lose Main Street’s faith in the financial markets, actually asked for more regulation and lawmaker meddling.

‘Yes, it has gotten that bad on Wall Street,’ the money men told a Senate panel. ‘US equity markets are in dire straits,’ said Dave Lauer, a trading consultant at Better Markets, who testified at the a hearing before the subcommittee of Senate Banking, Housing and Urban Affairs. ‘We are truly in a crisis.'”

Read Mark Decambre’s full article here