Over at The Nation, publisher Katrina vanden Heuvel has posted an editorial The Fight For Financial Reforms promoting the Consumer Financial Protection Agency and other reforms. Also, Nation reporter Greg Kaufmann has a review of last week's CFPA hearing, called Do They Take Us for Schmucks? Meanwhile colleague Susan Weinstock of the Consumer Federation of America has a pro-CFPA op-ed in the Capitol Hill tabloid Roll Call: Public Demands Disclosure. But Roll Call also finds space for special-interest lobbyist Mike Oxley, former chair of the Financial Services Committee, to oppose the CFPA and a variety of other reforms. Most non-industry lobbyists would agree with me that Oxley actually opposed the core reforms in the most famous bill that bears his name, the Sarbanes-Oxley Corporate Reform Act, passed in the wake of the Enron debacle. Once former telecom giant WorldCom joined Enron on the breadline, however, both Oxley and former President Bush had no choice but to embrace it and seek its passage. Let's hope we don't have to have another economic collapse to get Oxley and others to recognize that yes, our financial system did collapse last year and, yes, the banks and the regulators both deserve blame (it wasn't some other guy) and that we need real reform. Instead, we have every K St lobbyist in town, from Oxley on down, looking for a contract to convince Congress that, no, the entire economy didn't collapse last year and even if they remember that it did, it certainly wasn't the banks' fault and let's not over-reach on the reforms. Only in Washington.