I study here <a href=" http://www.delfsail.nl/pulmopres.pptx#devote ">pulmopres online</a> The events of last week were a good start. But we have a long way to go before we can put the problems of the past behind us. Derivatives trading is still too opaque. Speculative investing has not been separated enough from government-guaranteed deposits. Higher capital levels have not yet been approved and implemented. Until the guarantees implied by "too big to fail" are fully withdrawn, we can't rely on the fear of losses and bankruptcy to discipline the industry and dissuade bank executives from taking unwarranted risks with the public's money.