Redux?

From the Wall St. Journal:

Fannie Mae,(...) launched an initiative in January that allows some first-time home buyers to get a loan with a down payment of as little as $1,000. Securities firm Morgan Stanley Smith Barney, a brokerage operation jointly owned by Morgan Stanley and Citigroup Inc., is offering some clients home-equity credit lines of as much as $2.5 million.

Credit-card issuers mailed 84.8 million offers of plastic to U.S. subprime borrowers in the first six months of this year, up from 43.7 million a year earlier, estimates research firm Synovate. Nearly 8% of loans for new cars in the latest quarter went to borrowers with the lowest range of credit scores, up from 6.2% in (...)'s fourth quarter, according to J.D. Power & Associates and Fair Isaac Corp.

(deletions, ours)

So when was this written? 3 years ago? Maybe 5? How about last week.

What does this tell us possibly about the financial reform bill's ability to address sub-prime lending and too big too fail?

It would appear that, at least on the surface, there has not been a fundamental change to how business will be done on Wall Street and that the large financial institutions know that Bailout Nation is here to stay.