Former New York Attorney General Eliot Spitzer, who took on unsavory Wall Street practices while federal regulators weren't watching out for small investors, has a Washington Post op-ed How to Ground The Street with some interesting ideas. Meanwhile, over at the New York Times, Eric Lipton and Steve LaBaton report on former Senator Phil Gramm: Deregulator Looks Back, Unswayed.

In two recent interviews, Mr. Gramm described the current turmoil as “an incredible trauma,” but said he was proud of his record. He blamed others for the crisis [...]