Junk Loans News Today

Agency. >> and theyre judging the w worthiness -- >> thats right, they were giving these junk loans. the other is fannie mae and freddie mac who were providing 100 maer 100% taxpayer guarantees on these bills. there is nothing in this bill that says that. >> lets go through the bill. what are the biggest wins here for, first, consumers? >> consumers are quite a bit better off, i suspect. the reason for that is over time consumer finance has been a classic race to the bottom business when it come...