Cross-posted from today’s NYT.

Wall Street’s closest link to the lyrics of “Hotel California” had been the indulgent pink champagne. But Senators Christopher Dodd and Bob Corker are bringing a more modern slant. A provision Corker added to Dodd’s plan to overhaul financial regulation stipulates that even if Goldman Sachs and Morgan Stanley, or other banks that received funds from the Troubled Asset Relief Program, check out as bank holding companies — they can never leave the Federal Reserve’s embrace.