Topic: Wall Street Reform Act

The Wall Street Reform Act is criticized for containing language that exempts the SEC from public disclosure requirements under the Freedom of Information Act (FOIA). Furthermore, the hosts point out sections of the bill that mention the oversight of carbon markets and derivatives. They note that the Chicago Carbon Exchange is now listed as a commodity on the Bloomberg iPhone app, signaling the institutionalization of carbon trading.

President Obama's weekly address regarding the Financial Reform Act is characterized as a power grab for the Federal Reserve. The hosts argue that the bill empowers the same bankers who caused the recession to oversee themselves, rather than providing the consumer protections the President claims.