Page 587 - Abuses News Today

Say they have the votes to block the legislation. heres what senator chris dodd, chairman of the banking committee said today about public opposition to his bill. >> as i read the letter from the republican leaders, the words about filibusters were not in that letter. they expressed opposition to the legislation. in light of events over the last week or so again with the s.e.c. now moving on actions here, lehman brothers problems, i dont really believe republican leaders want to be in a position...

Second sections which have been worked out, the four major sections, consumers, resolution authority and derivatives and work off those sections and get it done and get something the american people can say, hey, these guys worked together and produced something thats going to hopefully reduce a chance of a systemic rsk iic risk of tha occurring again. >> can you ever get as smart as the guys on wall street to stop it from doing these abuses? is it possible to right regs that work? >> it would b...

You will, on the abuses of wall street. are you in it? >> no question, chris. ive been working for the last year with mark warner. i spent a tremendous amount of time on this issue. i absolutely want to see a great financial regulation bill passed. im taking senator dodd at his word and that was if we pass the bill out of committee on a party line vote which we did, 1,336-page bill in 29 minutes i might add with no amendments, that we would work to get a bipartisan template for it came to the fl...

Shady deals and crack down on the abuses? >> we introduced a bill in the finances committee to make sure we addressed the issues of fanny and freddie and have expedited resolution authority no more bailout from the federal government decrease the regulatory scheme that puts themselves into the lives of american people b charges curre ones that puts it in financial services market instead of regulating the scheme and bureaucracy we need them to do their job in the first place. >> good luck to you...

♪ i think ill go with the basic package. good choice. only meineke lets you choose the brakservice thats right for you. and save 50% on pads and shoes. meineke. we are just getting word that pope benedict has met with several victims of clerical abuse. it wasnt long ago that the pope issued a letter to ireland apologizing for abuses there by priests. all these other allegations started popping up across europe. the pope had a two-day meeting in malta and met with some abuse victims.

In the system and not have abuses in the past and dont think increasing the size of the government is the answer and the same thing with the regulator at the federal reserve bank. >> lets talk about eric holder, but first, talk about schumer about the ksm trial in new york. >> we know the obama administration is not going to hold the trial in new york. they should just say it already. >> what about that, ron christie? >> they should just say it already, ed. the american people recognize we shoul...

Business, the shareholders are wiped out, the executives are fired. >> again, to my question -- let me get back to that question you make. are the republicans basically in bed with wall street? are they getting paid? are they getting paid protection money to -- are they getting paid -- go ahead. im sorry. >> lets change the metaphor. they are serving wall street breakfast in bed. wall streets in bed. the republicans are serving them. theyre trying to kill an independent consumer agency. we have ...

Fire. >> again to my question -- get back to that question that you made. are the republicans basically embed with wall street? are they getting paid? are they getting paid protection money to -- are they getting paid -- go ahead, im sorry. >> lets change the metaphor. they are serving wall street breakfast in bed. wall streets in bed, the republicans are serving them. theyre trying to kill an independent consumer agency. we have in there -- on the grounds that we might overprotect consumers fro...

Breakfast in bed. wall streets in bed. the republicans are serving them. theyre trying to kill an independent consumer agency. we have in there -- on the grounds that we might overprotect consumers from credit card abuses and overdraft fees, or checks or whatever. heres an example. we say in the bill that passed the house, if youre advising people about how to invest money, you have what you call a fiduciary responsible. the republicans want to kill that. we say that if you are going to be makin...

Insurance companies for abuses of consumers. here the case is clearly, you know between the governor and i, as you know she is the former attorney general with my immediate predecessor. we view this differently from our approach to constitutional law. for me, and for the lawyers im joined me, it is pretty clear that this is a dramatic reach, dramatic overstep compared to what congress has done before. >> greta: now, you are running for governor in a highly contested race. you are about to hop on...