Yesterday, FDIC adopted weaker rules than initially proposed (Here is the story on the initial proposal and Here is the FDIC's Final Statement(pdf)). FDIC decided to lower the required Tier 1 Capital Ratio from 15 to 10. It is still higher than industry norms.
FDIC probably didn't have much of a choice with prediction of 150-500 banks in trouble and Distressed Insurance Fund in trouble. I guess one good sign is that the private equity firms are still not happy. They are whining that the final rule will lower bids for failed banks. Oh, yeah, the sky is falling.
Nothing ever changes. It happened during the Saving & Loan crisis and it will happen again - financial oligarchy with help of taxpayer subsidies will either financial gain from this or walk away from the mess. The situation kind of reminds me of Naomi Klein's Disaster Capitalism.