Consumer Protection Side News Today

See it helping any more. we dont need the legislators in washington playing doctor. what we need them to do is sticking to what the people want them to do, its not adding regulations and costs to the consumers. >> brenda: chris, dont we need more regulation. weve seen this before and what weve got now, are we going to have another bailout, another too big to fail? >> well, clearly raises a lot of anxiety when you see this kind of, you know, loss. i think that the reality when it comes to loss an...

Was long-winded, which was really the pot calling the kettle black. >> yeah, i was surprised. would you say that was a jab or more of a left cross? >> ezra, i dont know why these liberals are so hate-filled ezra. it makes me sad. as we move forward, ezra, tell me, what do you see happening at the white house as they move forward toward the 2012 election? do you think theyre going to hammer on -- you think the consumer protection side of it? where do they see the other vulnerabilities for mitt ro...

Kettle black. >> yeah, i was surprised. would you say that was a jab or more of a left cross? >> ezra, i dont know why these liberals are so hate-filled ezra. it makes me sad. as we move forward, ezra, tell me, what do you see happening at the white house as they move forward toward the 2012 election? do you think theyre going to hammer on -- you think the consumer protection side of it? where do they see the other vulnerabilities for mitt romney? >> two that are big, one is the financial stuff....

But for protecting the system. senator corker in todays "wall street journal" says the agency dodd proposes still has too much power to protect consumers. he explained his opposition. he objects to dodds proposal that banks would have to hold on to, not sell to another institution, at least 5% of any loans they make, which would give them at least some incentive to ensure that the loans were repayable because they would lose money when they were not repayable. even though dodds would be part of ...

Over any consumer protection agency. quote, i dont want an overzealous consumer protection agency. we need balance. right now in the bill theres too much independence and too little coordination between the regulators and the consumer protection side. he said this out loud. and while dodds talks with richard shelby broke down, corker is still optimistic about negotiating changes to the bill before it is taken up by the full senate potentially as early as this month or next. joining us as promise...

Primarily responsible not for consumers but for protecting the system. senator corker says it has too much power to protect consumers. in a speech, corker explained his opposition. corker objects to dodds proposal that the banks would have to hold on to, not sell to another institution at least 5% of any loans they make, which would give them some incentive to ensure that the loans are repayable because they would lose money if they were not repayable. even though dodds consumer protection agenc...

Comfortable supporting via the populist wing of the party? >> interesting questions. pop pew limpepewlism populisms. tea party, within the republican party, had a problem with the way that piece of legislation was passed. the consumer protection bureau as created, unlimited powers and l. for that reason republicans in congress held out against it and its nominee for a very long time. when you talk about that agency you also have to talk about the populist movement that wanted our government to r...