While the wheels of these reforms had been moving much slower than the technological developments or the changes in the practice of the businesses were, this is now getting somewhat silly. Even the beat reporters who make their living by covering the politics are now sick and tired of the lack of the progress going on this is the case with both U.S. and in the Europe. Newer laws would undoubtedly need the financial institutions for changing the way they are doing the business and which would mean changes to the processes as well as to the technology. But even if the legislation is passing in the U.S., it would not be enacted until the year 2011.