Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley Fool Money.

Welcome to Motley Fool Money. Thanks for being here. I'm your host Chris Hound.

I'm joined by Motley Fool, Senior Analyst, Seth Jason, James Early, and Shannon Zimmer.

Guys, good to see you as always. Good to see you Chris.

Coming up, we'll talk about the latest from China with International Investing Analyst Tim Hansen

and discuss the biggest stories of 2010 so far.

But we begin with a topic that should make any investor short list of story of the mid-year financial reform.

On Wednesday, President Obama signed into law a 2,300-page bill, which among other things

creates a consumer financial protection bureau.

The bureau will write and enforce rules on credit cards and mortgage lending.

Shannon Zimmerman, is this going to have real teeth?

Well, having read all 2,300 pages, Chris.

You're the one. I can say that a chapter 9 is assimilating. Absolutely assimilating.

As we have discussed, it's going to have real teeth depending on how the regulators choose to interpret it.

The law was on purpose, crafted in very broad terms, and even the administration is aware of this.

And so, as the regulators write the rules that will interpret the law, we'll know if it's going to have real teeth.

I continue to believe that just how transparent the derivatives market becomes.

It's going to be a good proxy for how serious it's going to be, but it potentially could.

James Early?

And guys not to belittle us as consumers, but this consumer portion is sort of a drop in the bucket.

I mean, consumers didn't cause the financial crisis, and that's sort of the overall purpose of this legislation is predicting that.

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