Detailed text transcripts for TV channel - CNN - 20100718:19:04:00
Agency. >> and they're judging the w worthiness -- >> that's right, they were giving these junk loans. the other is fannie mae and freddie mac who were providing 100 maer 100% taxpayer guarantees on these bills. there is nothing in this bill that says that. >> let's go through the bill. what are the biggest wins here for, first, consumers? >> consumers are quite a bit better off, i suspect. the reason for that is over time consumer finance has been a classic race to the bottom business when it comes to practices. as someone who wants to compete with sort of honest and transparent practices, co...
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