We're not shy about advocating for shareholder rights and making sure our members are heard on important matters that affect all of our portfolios. That's why the White House asked for feedback from the Motley Fool community and agreed to answer your questions. Here is the second part of our interview with one of President Obama's chief economists.

On Tuesday, The Motley Fool sat down with Austan Goolsbee, Colbert Reportsurvivorand chief economist for the President's Economic Recovery Advisory Board, to ask your questions about the White House's financial regulatory reform plan.

One hot topic you raised was the potential for increased regulation to squelch the machinations of capitalism. Goolsbee spoke about that, as well as the high points of the administration's recommendations for financial-industry reform, in the first part of David Gardner's and my interview, posted yesterday.

Where were the watchdogs when we needed them?
Another common theme that came out of Fool member comments was that of lackluster enforcement:

In the following segment, we ask a question posted by Fool member sfunabout the breakdown in investor protection. You'll also hear Goolsbee's thoughts on the conflicts of interest on Wall Street that still exist, and how the government failed the individual investor.

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Keep those questions and comments coming
As individual investors we all have a material interest in how President Obama's new rules of the road will affect our portfolios, the financial products and services we use, and the companies in which we invest. Continued...