In The New Yorker. James Surowicki claims:
[T]he very first explanation [of the Geithner plan is] that the Administration is following its current strategy for dealing with the banks (a mix of regulatory forbearance and government subsidy in the form of debt guarantees and capital injections) because it believes “it’s the proper course of action, because most banks will be able to earn their way out of their problems if given some time and forbearance by regulators.” Oddly, this simple explanation—that Barack Obama, Tim Geithner, and Ben Bernanke have adopted their strategy because they think it has the best chance of getting the economy back on track while taking the least systemic risk, rather than because they’re stupid, or corrupt, or “cognitively captured”—is one you rarely hear floated these days, even though it is, I think, almost certainly true.
So, because Obama, Bernanke, Summers, and Geithner all earnestly believe that a little nip and tuck are all that the Wall Street system needs; that means there hasn't been "cognitive regulatory capture."
No, you moron, it's exactly because they all earnestly hold that belief -- overriding every other economic concern, including that the taxpayers shall be adequately compensated down the line should their assumption of the risks pay off -- that demonstrates that Washington's financial elite have succumbed to "cognitive regulatory capture."