Detailed text transcripts for TV channel - CNN - 20100716:10:16:00
>> we had this agency called the office of thrift supervision. >> they did really well. >> outdated thing. >> exactly. this agency does have rule making power. i want to point out this bill doesn't actually write as many rules as it tells other people to write rules. that's also a big concern to me because regulators haven't done a great job in the past so we're asking them to write 533 new rules to protect us. i don't know if they're going to do it. i think in the end when consumers have more information and it is concise and clearly articulated it is better. but in the -- at the end of the d...