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Consider $708 trillion. since the president took over. it was $600 trillion under bush and president obama decided to add $108 trillion. all this capital is going to sustain a system that has remained unreformed, despite bringing on the country the greatest downfall to the country since the great depression. and now the big financial firms, nothing has changed. you re seeing something similar in europe. krystal? michael, obviously, we passed the dodd/frank financial reform bill and we were told that now banks wouldn t be too big to fail, that we d fix the problem. i mean, where did that effort go awry? what should have been in that bill that isn t or what has gone wrong in the implementation? well, first of all, the bill itself was deeply flawed. they put something in there ....
September. it is not that easy. there has been a four-spay or five-day weekend and they should send a message. i don t think it s a wake-up call. it is not a wake-up call, if you continue to put it off. well, greta, i will actual, the world is very different today than it was when the decision was made to begin the recess. at that time, we were told by a lot of leaders in washington, don t worry, we passed the deal. it s going to be good enough. nothing s going to happen. a lot in the world has changed in one week. you should stick around. we will have a segment on the dodd/frank bill. it was supposed to be the answer, passed 13 months ago. it was supposed to answer a lot of questions and keep us from the problems. that didn t happen. i guess, you know, i have sort of experienced this, giving me a right to be cynical, as i am practically the only one besides ambassador bolon here in washington, d.c. tonight. there is a lot to be cynical ....
We go line by line. we decide what we can afford and what we can t. that s what we have to do in washington. thank you, sir. my pleasure. straight ahead, remember last summer s dodd/frank financial reform bill? president obama was proud to sign it and make it law to protect us. but has it been a bust? on the record investigates what this law means to wall street and to you, 13 months later, next. our nation s financial crisis well, it s malignant, spreading to the states. we are going to twhawl it means for your state. and this is a stunner. is the national organization of women watching representative michele bachmann s back? here s a clue, a picture s involved. you are going to see. it a lot of times, things are right underneath our feet, ....
Financial stability oversight council will meet. that was a council that derived from the dodd/frank financial reform bill. and this council will look at a few things in how they could be implemented including the volcker rule, whether or not some sort of financial firms can buy up the market. a lot of what they report out tomorrow will be commented on by a lot of members of congress from both sides. that will be interesting thing to look at. also, the viz sit of president , a meeting with john boehner. speaker boehner s come under flak for declining an invite to the state dinner. his office saying he s going to have a personal meeting with the chinese president so he doesn t have to sit through the toasts and toasts and he ll have a real meeting to talk about real business. later, house democrats will go to cambridge, maryland for the annual retreat. it s expected president obama and vice president bide will address those democrats on friday. kind of a rallying of the troops, if you w ....
Hang out with the boss? obama s political organization is picking up right where it left off in 2008. he s not getting much attention for it. the ground game is getting, you know, to work, i guess you could say, and president obama is really spending his time leading the american people. that s what he was doing today. in ohio. he was with former state attorney general richard cordray. i m appointing richard as america s consumer watchdog. and that means he is going to be in charge of one thing. looking out for the best interests of american consumers. looking out for you. his job will be to protect families like yours from the abuses of the financial industry. appointing richard cordray as the director of the consumer financial protection bureau, well, that gives dodd/frank financial reform bill some ....