From PRI, Public Radio International and KCRW Santa Monica, this is To the Point.

President Obama wants new rules for Wall Street.

Hello again, I'm Warren Alney, and this is To the Point from Public Radio International.

A daily look at the issues Americans care about most.

Would the Federal Reserve get too much power? Could banks, insurance companies, and investment

houses still get too big to fail? Would a new agency protect financial consumers against

excessive risk? Would complex derivatives still have the potential to wreak havoc? These are just

some of the questions being asked about the

president's overhaul of the financial system released yesterday and already under assault. Would it

prevent another financial meltdown, stifle the entrepreneurial spirit, or just return to business

as usual? On reporter's notebook later on, Understanding Iran. First, here's the news.

Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio

International Program Fund, whose contributors include the Ford Foundation and the John D. and

Catherine T. MacArthur Foundation. Hello again. Mormon Alney, back with To the Point.

President Obama's proposed regulatory reforms are designed to avoid another financial meltdown,

but they're already under fire for doing too much and for not doing enough. We'll hear how the debate is shaping up.

On reporter's notebook, Iran is nothing if it's not unpredictable. We'll talk with a veteran American journalist.

First, this news update, there's been another massive turnout of anti-government protesters on the streets of Tehran today. Treata Parsi is president of the National Iranian American Council.

He's also author of Treacherous Alliance, the secret dealings of Israel, Iran, and the United States.

Treata Parsi, always good to have you on our program.

Thank you for having me.

You, of course, are in Washington at the moment.

...