Wall Street’s lobbyists and special interest groups have corrupted members of Congress and frustrated needed financial regulation and reform. Notwithstanding the endless series of financial abuses perpetrated by Wall Street in recent years, abuses that have literally undermined the economic fabric of the country, Congress refuses to pass meaningful reforms and has significantly reduced the budgets of financial industry regulators thus effectively compromising securities regulation and enforcement. In essence, the SEC and CFTC are fighting a war with ‘peashooters’ while Wall Street employs ‘weapons of mass destruction.’