Page 24 - Banking Regulators News Today : Breaking News, Live Updates & Top Stories | Vimarsana

good evening, everyone, i've erin burnett. "outfront" tonight, out of balance. mitt romney took to the air waves today to lament the tone of the election and slam his rival. >> i'm seeing some of the ads out there. i don't know what happened to the campaign of hope and change. his campaign and the people working for him have focused almost exclusively on person attacks and not at all on the issues of the day. >> personal attacks and not at all on the issues of the day. that charge actually goes both ways. both mitt romney and barack obama are guilty as sin. as those of you who watch ...

They get to walk free, no one complains about them. >> exactly right. they think the fines of $170 million, just a cost of doing business. it's going to require prosecutions. we absolutely have to have that. you know, there was a survey not too long ago that they surveyed wall street employees and 25% of them thought that it was necessary to cheat in order to succeed on wall street. that's an incredibly -- incredible indictment of the culture there. so our prosecutors have to get vigilant, our s.e.c. and our banking regulators have to be willing to step up and take individuals to court and pro...

Efficient federal government, consolidating. and seems while he's doing this, we're creating another agency to overlap what the justice department and other agencies have done in the past. why -- why is it necessary to create yet another department that overlaps the priorities of other agencies? >> i think the difference is that congress made a judgment that we need someone with a singular focus on consumer finance. we've never had that at the federal level. it's been broken out among 50 state attorneys general, 50 banking regulators, very patchwork quilt, none of them with authority to addres...

They're substantive. i think they make a lot of sense. the democrats understand this. and if they want to get this show on the road, they can deal with us. i hope they will. >> there are other banking regulators who do not have senate appropriations, have their own independent appropriations. that has been a tradition with regulators. >> well, andrea, you well know the federal reserve has a board of governors and the chairman, you have the fdic this the chairman and other members. it makes more sense, because this is unprecedented power. what we need, not more regulations, but more jobs. this ...

grilled and lambasteds by british law makers and now a whistleblower in the growing phone hackl scandal reportedly is dead. and a 77-year-old man defends his home and family from an intruder with a gun. stand by for the dramatic story. that's even more compelling because -- get this -- he's a member of the united states congress. i'm wolf blitzer. you're in "the situation room." the u.s. defaulting on its debt for the first time in history? we can't state it enough, this has enormous consequences for all of us, and time is quickly running out to prevent what the president calls arm...