Jekyll-Hyde banking

Bankers participating at the Davos conference are saying all the right things in public - the importance of financial reform, working with Washington, blah, blah, blah - but the behind-the-scenes chit-chat is a whole lot different. "When it comes to the brass tacks of actually having to deal with reform in a meaningful way, I'm not sure they are really prepared to do it," NYT's Andrew Ross Sorkin tells CNBC. He's heard that the private sessions have gotten pretty heated.

We've been hearing a lot more about the two-faced approach of bankers. The other night on the "Daily Show," reformer Elizabeth Warren said the CEOs really get it - "and they work best behind closed doors." Left to their own devices, says Warren, "nothing, nothing will change." Warren is hardly a disinterested observer - she's been going after the status quo throughout the crisis - but she does provide a pretty good summation of how things got so out of control. Hint: Has something to do with greed being good.