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I deserve this. [ male announcer ] you do, business pro. you do. go national. go like a pro. wall street lost one today as eliz weather warren, the woman who monitored the t.a.r.p. bailouts that named wall street was named by president obama to lead the new consumer protection association. mr. obama said she ll create an agency that starting next summer will end lending abuses. progressives and wall street critics championed warren as the person to lead the agency once it s created, something to which the president has yet to commit. she ll join rachel maddow in a few minutes. bp disaster almost five months after 11 people died and 4 billion barrels of oil began gushing into the oil bp intercepted the temporarily plugged well with the relief well, the bottom skill permanent ....
Other types of loans. protecting americans from lending abuses, also clarifying paperwork and fees associated with those loans. here is what the woman who is charged with setting it up says it s all about. i hope what we re going to do is help them understand what they re about. get products that people can see, they can read them. they can understand for themselves. they can exercise their own personal responsibility and we can make those markets work. her concern is people who sign up for a credit card or loans and then all of a sudden the fees jump up. she is going to try to clarify that needless to say some of the banks are a little nervous, shep. shepard: we should note the president named her to overseat creation of this panel but did not name her as a permanent director there is a political reason for that. no question about that she would have to go through senate confirmation if she were the permits person in charge of this bureau that could be very bruising it also co ....
the president has called for that bipartisan meeting but obama administration officials said this week they will fight efforts weakenment measure to overhaul the company s financial regulations. the president bushing pushing for passage of a bill by memorial day, aides say he will work personally on the issue when congress returns from spring break. while there is still lot of disagreement in washington, obama hopes to use wednesday meeting to forge bipartisan deals or win over a few centrist republicans. so far no republicans are behind the measures. last month on a partyline vote, the senate banking committee passed a bill that would set up a $50 billion fund to help pay for the cost of winding down big firms that fail, it would also create a new consumer protection division or regulator within the federal reserve. the obama administration is long pushed for a powerful independent agency to protect americans from lending abuses. now democrats say the new rules ....
the president has called for that bipartisan meeting but obama administration officials said this week they will fight efforts weakenment measure to overhaul the company s financial regulations. the president bushing pushing for passage of a bill by memorial day, aides say he will work personally on the issue when congress returns from spring break. while there is still lot of disagreement in washington, obama hopes to use wednesday meeting to forge bipartisan deals or win over a few centrist republicans. so far no republicans are behind the measures. last month on a partyline vote, the senate banking committee passed a bill that would set up a $50 billion fund to help pay for the cost of winding down big firms that fail, it would also create a new consumer protection division or regulator within the federal reserve. the obama administration is long pushed for a powerful independent agency to protect americans from lending abuses. now democrats say the new rules ....