I have not read the book yet (it's on my list), but I've seen the author on Bloomberg numerous times. He understands the crisis and how to describe it to people who don't work in finance better than just about anyone I've seen. If it were up to me, I would throw the Dodd bill in the trash, have Mr. Lewis submit his top 10 list of things that need to be fixed with the financial system, and start from there.
Here's a clip of one of the Bloomberg interviews:
http://www.youtube.com/watch?v=eE9o-9LKvSQ