Page 22 - Consumer Side News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Other so they can know if that's the best deal for me. when we can deliver that, then we have consumers who are better informed and making good decisions, and we start to have a competitive market in consumer credit that actually works, works to deliver lower prices and better products, just like it should. >> so you'll get more information out there. you'll have a more informed consumer. however, that was only one ingredient in the mortgage meltdown. greed was the other, both on the industry side and on the consumer side. what do we do to combat that? >> well, i want to say part of it is gree...

some serious concessions from democrats. >> we have over $50 trillion in unfunded liabilities. all of them are unsustainable. we need to raise the debt ceiling -- both short term, medium term and long term. that's what it would take to get my vote. >> will cain is a cnn contributor. secretary geithner said not raising the debt ceiling would be catastrophic for the economy. he concedes no one knows for certain in the event that it's not raised. are republicans willing to risk sending this fragile recovery that we're in into chaos to find out if they're right? >> no. but neither are de...

It can't close the gap all by itself. >> reporter: and on the consumer side, hybrid and electric cars are a viable alternative to their gas guzzling counterparts, but they represent less than 3% of the car market. in order to make a significant dent in our demand for foreign oil and, therefore, reduce gas prices, those cars would have to make up 20% of the market. so for now the only quick fix to high prices at the gas pump is a lifestyle adjustment. back in 2008 the last time americans experienced high prices at the pump, they cut back driving by some 3.8 billion miles, eventually bringing do...

A provider or wherein a content company could pay to have its content prioritized. >> okay. what are the issues against doing that? >> the issue against doing that, first of all, that if you think about the cable system, you have premium channels, less premium channels, hob packages. the argument on the consumer side, this would mean that pricing for broad band internet would go up. on the business side the argument big companies like google or microsoft or amazon could pay to have their content delivered faster and a smaller company, particularly a start-up that's trying to get off the ground...

Wall street still owns washington, better to have appointed federal former reserve chairman dictator in chief than to have let the lobbyists dilute what needs to be done. melissa francis, good to see you. >> these are not ringing endorsements? >> they're not ringing endorts dorsmentes, a lot of people think the banks really got off easy. there are a few things in there, there's a regulatory commission to take apart banks that are too big to fail. if the worst happens, there's sort of a wave to be taken apart and wound down. there's a little bit on the consumer side, but overall banks are still...