Recent problems with the financial system could be used as a reason for regulators to have authority policing social networking sites like Facebook and other types of electronic communication like text messaging. If Financial Industry Regulatory Authority (FINRA) CEO Richard Ketchum has his way, that's exactly what will happen.

Ketchum appeared on CNBC's Oct. 27 "Closing Bell" in an interview with the network's NYSE floor reporter Bob Pisani from the Securities Industry and Financial Markets Association (SIFMA) annual meeting in New York City. Ketchum explained how the Internet and text messaging are unconventional means of communication that pose problems for regulators.

"With all of our kids, they don't talk by phones or certainly directly to each other anymore," Ketchum said. "They talk through the Internet and they talk through text messaging and they talk through Facebook."

After General Motors (NYSE:GM) Chairman and CEO Rick Wagoner was forced out by President Barack Obama, Wall Street is betting bank CEO firings will be the next shoe to drop. 

CNBC's New York Stock Exchange floor reporter Bob Pisani told viewers of CNBC's March 30 "Street Signs" the market's actions, with the Dow Jones Industrial Average (DJIA) dropping as much as 300 points, are reflect, in part,that the government is going to force bank CEOs out as they did with Wagoner.

"Look, the main concern here today is Geithner's comments that some banks are going to need a lot more capital," Pisani said. "And for everybody who says why haven't they fired anymore bank CEOs yet - why hasn't the government done it, wait - they're going to."

It was supposed to be a bad day in the American stock markets according to CBS's "The Early Show." Guess what - they were wrong.

"Hong Kong's Hang Seng market was down more than 4 percent," Julie Chen said on the January 28 "The Early Show." "Tokyo's Nikkei index off about 4 percent. Wall Street may have a rough morning in advance of President Bush's final State of the Union address tonight. We'll be watching the markets throughout the morning."

Assuming American markets will follow the lead of any other international markets is an iffy proposition, as indicated by the performance on Wall Street today. After the gloomy forecast from "The Early Show" for the day, the Dow Jones Industrial Average (DJIA) finished in positive territory on January 28 - at the highs of the day, up more than 176 points. The NASDAQ and S&P 500 also finished in positive territory, both up more than 23 points.

Two days after the U.S. Commerce Department reported an astounding 3.9 percent growth in gross domestic product, the U.S. Labor Department comes in with job data that exceeded analyst’s expectations.

The Labor Department reported a gain of 166,000 jobs in October and an unemployment rate that held steady at 4.7 percent for the second month in a row.

The night before the numbers were released, both the November 1 “NBC Nightly News” and “CBS Evening News” told viewers the possibility of an economic downturn hinged on these numbers.