Page 578 - Abuses News Today

And that there might not be the kind of political benefit you might want to expect and think that your party deserves from pushing something like this through. >> thats a very fair point. in the business im in, you dont get credit for disaster avoided. you dont get credit for the things you kept from happening bad. look, thats the story of this year politically. theres no question. president obama inherited this terribly deep recession. the republican budget committee paper just admitted that. w...

Avoidance. look, thats the story of this year politically. theres no question. president obama inherited this terribly deep recession. what weve done is make things better. weve avoided damage. but people dont give you points for making things less bad. they have a right to say, make it better. thats true about this bill. mostly what this bill will two will be to prevent abuses, whether of individuals in the consumer area or being making loans they shouldnt make. so i think thats true. on the ot...

Important is it that elizabeth warren run that? >> it is essential to the bill and very, very important that elizabeth warren be appointed. first, understand that the consumer protection function is important on two levels. first, it will protect consumers. until yesterday when the president signed the bill, consumer protection was assigned in the united states government to the bank regulators for whom it was an afterthought. their primary job was whether it was the federal reserve or controlle...

Important on two levels. first, it will protect consumers. until yesterday when the president signed the bill, consumer protection was assigned in the united states government to the bank regulators for whom it was an afterthought. whether it was the federal reserve or the currency, everyone the fdic, their main function was to worry about the health of the banks. consumer protection took second place. its also important because you will have now a cop fully on the beat. we passed a good bill la...

Avoided. you dont get credit for the things you kept from happening bad. look, thats the story of this year politically. theres no question. president obama inherited this terribly deep recession. the republican budget committee paper just admitted that. what weve done is make things better. weve avoided damage. but people dont give you points for making things less bad. they have a right to say, make it better. thats true about this bill. mostly what this bill will do ç will be to prevent abu...

Important on two levels. first, it will protect consumers. until yesterday when the president signed the bill, consumer protection was assigned in the united states government to the bank regulators for whom it was an afterthought. their primary job was whether it was the federal reserve or controller of the currency, any of them, even the fdic with a very good regulator, their main function was to worry about the health of the banks. consumer protection took second place. its also important bec...

Business, claiming careers in real estate and banking. >> i will have a business meeting at 2:00. >> reporter: now whether or not she has any secrets worth knowing, theres business out there if she wants it. and if she can get to it. mike tiabbi, nbc news, new york. >> shes got a future. that wraps up this hour, thank you for joining us, im thomas roberts. we continue to keep a very close eye on whats developing with tropical storm bonnie. it made landfall in florida, but its expected to get s...

Ability once theyve done something, if theres an effort to get around it, they can stop it. secondly, abuse of consumers was a contributing factor to the trouble we have been in. subprime mortgages -- one of the things this bill does -- republicans have made a big thing about how they were trying to stop these abuses. nonsense. exactly the opposite was the case. for seven years democrats have been trying to ban subprime mortgage abuses. the kind that people shouldnt get because they cant repay. ...

To stop these abuses. nonsense. exactly the opposite was the case. for seven years democrats have been trying to ban subprime the kind that people shouldnt get because they cant repay. republicans blocked that until we got into the majority and had a president we can work with. this bill specifically says you cannot give people mortgages they shouldnt get because they cant repay them. thats not just protection for the consumers but for the economy. elizabeth warren, one of my proudest moments wa...

To stop these abuses. nonsense. exactly the opposite was the case. for seven years democrats have been trying to ban subprime mortgage abuses. republicans blocked that until we got into the majority and had a president we can work with. this bill specifically says you cannot twitch people mortgages they shouldnt get because they cant repay them. thats not just protection for the consumers but for the economy. elizabeth warren, one of my proudest moments was when my committee passed the bill and ...