Hear: Reform School

On today's Planet Money:

President Barack Obama unveiled his plan for overhauling regulation of the U.S. financial system. We get responses from:

— Lobbyist Scott Talbott of the Financial Services Roundtable, who represents a lot of big banks and loves the plan.

— Lobbyist Diane Casey-Landry of the American Bankers Association, who represents a lot of small bankers and thinks that for them, the plan creates costly redundant legislation.

— Representative Brad Miller (D-N.C.), who says some redundancy is good — it works for NASA's space missions.

— Representative John Campbell (R-Calif.), who likes some of the plan but says it gives too much power to the Federal Reserve.

— Columbia economist Charles Calomiris, who says the whole thing is a big disappointment.

Bonus: Photo evidence of boom times on the way, and a correction.

Download the podcast; or subscribe. Intro music: American Analog Set's "Hard To Find." Find us: Twitter/ Facebook/ Flickr.

 

Mark Moniot e-mails us a picture, with the subject line:

"How I know the recession is over . . . "

I cropped out the stack of blank applications for Jedi Barista.

Correction: On Friday's podcast, we used a clip that AP identified as Iranian President Mahmoud Ahmadinejad. We can now say for sure that it's not the voice of Ahmadinejad. We can't confirm this ourselves, but a couple of listeners, including Karan Makvandi, say that it's the voice of his opponent, Mir Hussein Mousavi and that he's talking about protecting Iranians' votes.