The response to the financial institution regulatory reform proposal introduced yesterday by Treasury Secretary Hank Paulson has been striking. The U.S. Chamber of Commerce and the American Bankers Association, small banks and state attorneys general, left-leaning economists and analysists, and members of Congress, even the man with the max Street cred, Jim "I reiterate -- I am embarrassed by these guys. Thank heavens, no matter who wins the White House, they will soon be gone" Cramer, have trashed the plan unceremoniously.