How Obama's proposal to reform Wall Street might affect your finances.

The Obama administration recently released its proposal for financial regulatory reform, but before change comes to Wall Street, a reform plan has to get through Congress with its teeth intact. David Brancaccio sits with Zanny Minton Beddoes, economics editor for The Economist , to review the proposal and its ramifications for America. Beddoes encourages streamlining the regulatory system, leaving fewer but more efficient overseers. But where powerful interests are at stake, nothing is a sure bet.