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 Hellen.

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

Good to see you. Good to see you, Chris. On this week's show, a big announcement from Apple,

big earnings from Intel, and a big financial reform bill, really big.

2300 pages big, plus three stocks on our radar, and one reason why you don't mess with Texas.

But we begin with the financial reform bill, which Congress passed this week.

The bill establishes an independent consumer protection agency within the Fed,

gives the government new power to seize and shut down troubled financial institutions,

and sets up a council of federal regulators to watch out for threats.

Derivatives will be subject to government oversight, and we've got new restrictions on proprietary training and hedge fund activity.

James Early, obviously, there's a lot there. It's a massive bill. What got your attention?

Well, Chris, I'm going to go through one by one.

I would say the biggest thing is derivatives, which sounds boring, but the world has 200 trillion and financial assets,

but 600 trillion and derivatives outstanding on those same financial assets.

So it is really the elephant in the room, all of it completely necessary.

Exactly, exactly. And it's basically four or five top banks that do all the derivatives trading in the US.

And one thing that I saw was that look like the banks were going to have to spin off their swap desks

and swaps are a form of derivatives and derivative and come to find out that's not going to happen.

Basically, swaps that deal with interest rates or with gold or precious metals are exempted,

and that's 80% or more of swaps.

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