There's an element of being involved in what now constitutes the journalism business that makes the end of the election cycle a let-down like no other – like the kid waiting for Christmas, who really did get everything he wanted. What do you do now?

Probably the biggest thrill, schadenfreude or not, was the anticipation writers had for at least being guaranteed some interesting times if things had gone a different way and all the heads had rolled, as promised. That would have made for some lively copy.

In the meantime, we got our first head – that of SEC chairman Mary Schapiro – though her departure doesn't even seem to be particularly politically motivated. She just happened to have landed the job during the four worst years in recent American financial history, and she's probably due for a vacation from the spotlight. Can't say I blame her. It'll all make for a good book, or at least some good consultancy work.

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