Page 10 - Predatory Practices News Today

They blew up. >> all figures from those three days of hearings points to wall street. >> reporter: experts point fingers at another important culprit, congress itself. >> i think congress deserves a lot of the blame for the meltdown. >> reporter: why? because experts say congress, when controlled by democrats and by republicans, created the conditions that allowed wall street to run wild. elizabeth warren chairs the panel named by congress to oversee the t.a.r.p. bailout. >> basically, congress ...

Oversee the t.a.r.p. bailout. >> basically congress threw open the door to the financial services industry, and they said have at it. have at the american families, sell them whatever you want to sell them, trick them however you want to trick them. trap them however you want to trap them. >> reporter: congress repealed banking safeguards in place since the great depression. declined to regulate some risky new wall street practices and failed to do anything even after repeated warnings that fami...

Prime minister trudeau of canada. very dishonest and weak. what in the world is going on? joining me now is tony blinken, former deputy of state, deputy national security adviser in the obama administration and cnn global affairs analyst. tony, i think we can both agree, weve never seen anything like this, the united states refusing to sign a joint declaration with the closest allies, insulting the canadian prime minister. i want to get to the substance. does trump have a point that there is a s...

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And stores and jobs in stores. its very, very tough for them. they have had a hard time. closing at numbers in records that have never been seen before. so we have to stop that. the online predatory practices. since the beginning of the year, we have already created over 50,000 brand new manufacturing jobs and were just getting started. we will lift our citizens from welfare to work. we will turn boarded-up communities into new outposts of american commerce. and we will once again rediscover our...

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Right. we have to do with the trade deficit, made up of energy and manufactured goods. when you talk in the energy, you need every resource available to us, wind rk solar, coal, oil and technology. we need that to get all the spending money, trade over seas over the last 20 years. the second thing is manufactured goods. weve got to start making these here. weve allowed china to practice major non-free trade distorting practices, currency manipulation, predatory practices to build up their econom...

American financial system, i think theyve destabilized it putting in new rules and restrictions harder to balance risk and sustain credit. >> a financial protection bureau with oversee everything including credit card. >> credit card companies would no longer be able to mislead you with pages and pages of fine prints, no longer hidden fees or the predatory practices of unscrupulous lenders. >> some of which were already illegal. >> i think it should be named the consumer credit agency. >> it tig...

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