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Rescue wall street again. >> the yeas are 60, the nays are 39. >> reporter: the bill passed easily thursday afternoon. but with the support of just three republicans. and already the senate minority leader has criticized the law and called for it to be repealed. >> a bill which is meant to help the economy but which is widely expected to stifle growth and kill more jobs in the middle of a deep recession. >> reporter: what does the law mean for the average american? well, first of all, it creates a consumer financial protection bureau, charged with ferreting out abusive banking practices. >> th...

Of the experts we'll get to tonight. >> david murray has been listening while you've been speaking so me knows what his questions are. as we said, we now know the source of the information about michael cohen's bank transactions that stormy daniels' lawyer michael avenatti made public last week. ronan farrow stated it was a former law enforcement official. they have a high degree of expertise about suspicious activity reports about michael cohen's banking practices. those reports are filed with the treasury department and maintained by the treasury department's financial network. it is a cri...

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$30 billion for housing, we will exempt them from all future liability. why is that a bad idea? >> it's a terrible idea because if there was legal wrong doing by the banks, and we think there was, then there should be a legal settlement. but it has to be bigger than what's currently on the table. >> how do you determine the scale? >> you need an investigation. you need to assess. the moment talking about robo signing, damage in the range of $25 billion. that's peanuts relative to the problem. if in return, you give a blanket waiver to the banks, that's a disaster. then attorney generals can't ...

This is staring us straight in the face this is not about tax increases. this is not about the left or the right. as i have said. we have seen historically low tax rates we have seen historically high stimulus spending and neither has resulted in the creation of jobs. time for washington, d.c. and the business committee to come together and talk honestly about the business practices, the banking practices. >> bill: that's going to take years. is there anything obama should be doing right now to stop this madness? >> first thing he should do, he has done. that is to be quiet for just a moment. ...