The financial crisis of 2008 unfolded like a tsunami. Left in tatters is an economy that continues to decline, and a fragile financial system. The government has stepped in with billions of dollars of direct investment and trillions of dollars of exposure for the balance sheet of the Federal Reserve. Congress has growing skepticism with rising home foreclosures and a lack of accountability by those companies who have received Federal money. All of this leads to broad, deep and comprehensive regulatory oversight and scrutiny and an overhaul of the current patchwork of regulatory institutions. This panel will provide an up-to-date review of the Emergency Economic Stabilization Act, the implementation of TARP and the new regulatory structures. The oversight of every public company, its securities issuance, its debt structure and its risk management will all come under renewed scrutiny and potentially more oversight.