Description:  With financial reform clearing Congress, the Fed has emerged as perhaps the pre-eminent financial regulator, but that could only bring it added blame if things go wrong again. Jon Hilsenrath, Evan Newmark and Kelly Evans discuss. Also, Jennifer Valentino-DeVries discusses Apple’s options ahead of its anticipated press conference on the troubled iPhone-4.

Source: Marketwatch.com – video report

Date: 07/16/2010

Link: http://www.marketwatch.com/video/asset/am-report-the-fed-gains-power-responsibility/17AB5EE7-200C-4E92-B31F-DBA5955728BA

Questions for discussion: 

• What do you think about the financial reforms legislation that was passed?
• Do you agree with the comment related to the greater focus on the Federal Reserve as the responsible authority for financial crises in the future?
• How different will that responsibility be in comparison to the past?
• Has investor confidence been increased with this legislation?
• As for the story on Apple, do you think the drop in share value is warranted?
• Do you think the problem has significantly affected Apple’s cash flow?