Page 12 - Consumer Side News Today

>> it was a great day for america yesterday when they passed this bill and i think the critics are not correct, i mean the regulators do have to sort out various details, but i think in a variety of subject areas, including anybody whos getting a mortgage, student loan, a credit card and a consumer side as well as any financial institution thats trading with derivatives or trying to wiggle its way out of regulation, i think all of that is going to stop, you know, the day this thing gets signed i...

Eventually because everyone jumped into it and came to new york and supported it, we came out of it. sort of that type of effort that is needed now as well. i know a lot of my chef friends are having charities. theyre having dinners in their restauran restaurants. and also from the consumer side. you can go to the store and ask for wonderful fish from the gulf. you can log into louisia louisiana seafood news dot-com. every day its updated about whats going on wrrks the fish are coming from, and ...

Bonuses -- im wrong in being sort of like hyper critical of them? >> on the goldman case i think it is hard to say. you can make that case with bank of america because of the merrill deal with citibank, and with a couple of others that were -- clearly got support when they were in difficult straits and gave large bonuses. >> greta: i caught you -- i cut you off on the others. >> derivatives, huge, complex issue. jack reed and have been working six months to come up with language to address this....

Bonuses -- im wrong in being sort of like hyper critical of them? >> on the goldman case i think it is hard to say. you can make that case with bank of america because of the merrill deal with citibank, and with a couple of others that were -- clearly got support when they were in difficult straits and gave large bonuses. >> greta: i caught you -- i cut you off on the others. >> derivatives, huge, complex issue. jack reed and have been working six months to come up with language to address this....

Again, that will probably end up -- it should end up with the courts and i wouldnt be surprised at all to see criminal indictments for some of the allegations that have been raised. so my hope is that the justice department here will step up and form that kind of a task force. thats what were trying to do on the consumer side of this bill. and, again, theres been a lot of controversy around it. but weve never, ever had before a place where financial products are going to be considered. you get a...

Some positive new sales figures today, the first numbers of 2010 showing gains from a year ago and an increasing market share. fox business networks jenna lee is with us. nice to have some good business news to report for a change, jenna? jenna: and interesting to think about, jon, last year at this time chrysler and general motors were looking to go back to the u.s. government for a second round of bailout loans, and that was never the case for ford. ford had the option to get that government s...

Hearing about signed by four lawmakers. i think we have a picture of they are. four representatives today. jim matheson, jim beam and gary peters and heard from him earlier on "american morning." >> folks in the higher income brackets account for spending, 0% of the economy is consumer spending. demand is very soft on the consumer side. we want to make sure theyre spending, creating demand. >> now, folks, ill tell you you hear about the battles in congress and hard to figure out how its going to...