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Forthright about recognizing that. he has stated repeatedly most recently of course just a couple weeks ago in the kabul conference publicly and openly about the various activities that need to take place to combat the kinds of corruption and other activities some predatory practices if you will of local governance and so forth so that indeed you have to get rid of this to achieve legitimacy in the eyes of the people of the afghan government. he's aware of that. if you look at the number of individuals who have been fired or arrested and tried for corruption, it is a very growing list and ther...

Backlash against that. i understand the idea if people who are, you know, if they overcharge or if they write a check, they can't afford, there should be some fee there. for those of us who do things the right way for the banks that charge us, does seem unfair, it seems to go against the whole point of this great reform we had with the consumer financial protection agency and those things to protect us from predatory practices. >> why would anybody choose that kind of account from bank of america? >> my checking account doesn't have any fees associated with it. i can bank on-line. if i want a ...

American financial system, i think they've destabilized it putting in new rules and restrictions harder to balance risk and sustain credit. >> a financial protection bureau with oversee everything including credit card. >> credit card companies would no longer be able to mislead you with pages and pages of fine prints, no longer hidden fees or the predatory practices of unscrupulous lenders. >> some of which were already illegal. >> i think it should be named the consumer credit agency. >> it tightens the rules on banks, which will be limited in the kind of investments they can make and forced...

Sector and i will continue to do what i can to foster and support the dynamic private sector. but we've all seen what happens when there is inadequate oversight and insufficient transparency on wall street. the reforms making their way through congress will hold wall street accountable so we can help prevent another financial crisis like the one that we're still recovering from. we'll put in place the toughest consumer financial protections in our history, while creating an independent agency for enforcement. through this agency we'll combine under one roof the consumer protection functions th...

The group from the house led by barney frank and a group from the senate pled by chris dodd reconciled bills and made the deal and will send the bill to their chambers by the fourth of july. they worked on it until 5:39 this morning. president obama spoke about this and what the bill means to you and me. >> credit card companies will longer be able to mislead you with pages and pages of fine print. you will no longer be subject to all kinds of hidden fees and penalties or the predatory practices of unscrupulous lenders. >> that bill will also let you get one fry credit report a year from the c...