It’s beginning:

House Financial Services Committee Chairman Barney Frank (D., Mass.) told lawmakers the plan would no longer require banks to offer customers "plain vanilla" versions of products such as mortgages and credit cards, one of the more populist components of the White House’s proposal that had become a lightening rod of criticism from conservative Democrats, Republicans and business groups.

He also said he would limit the types of companies that could face scrutiny by a proposed Consumer Financial Protection Agency by excluding real-estate brokers, accountants, retailers and others that aren’t banks or financial-services companies. Rep. Frank said he felt that in some areas the White House had "overdrafted" the bill.

   So, let’s get this straight–the financial industry, which created the greatest financial melt-down in our lifetime, squawks about some regulation and the Democrats back down.

   Huh?