Response to Obama on Regulatory Reform - Christie Sciacca, ex-FDIC

President Obama this past week made strong remarks to spur Congress and populist support toward banking regulatory reform. But what's likely to happen? And when? "There might be stronger regulatory reform than people thought six months ago," says Christie Sciacca, formerly with the Federal Deposit Insurance Corporation, currently a director with LECG in Washington, D.C.. In an exclusive interview, Sciacca discusses: The substance of Obama's proposals; What's likely to occur in regulatory reform; Whether reform will occur in 2010. Sciacca spent 13 years at the FDIC, where he led examination, supervisory and bank rescue transaction projects in Detroit, New York, and Washington DC. From 1983-1986, Sciacca was Assistant to the Chairman, representing the Chairman on interagency matters, at bank trade association meetings and on all operational and policy matters. Sciacca served as the FDIC's representative on the Vice President's Task Group on the Regulation of Financial Services. In 1996, he returned to the FDIC to establish that agency's International Branch and from 1997-2002 served as the head of all supervisory policy, including domestic and international bank supervision, capital markets and accounting policy.