Detailed text transcripts for TV channel - MSNBC - 20120506:12:40:00
One in three chance of blowing up and burning down the house, that would never be allowed. but certain kinds of mortgages that had crazy teaser rates and ballooned in the end would be allowed. she draws the analogy. the question is, do you have the power that the consumer product safety commission has. does the consumer financial protection bureau have the authority to say no, you cannot make that kind of loan? >> well two things about the toaster situation. first, what we're doing is actually more important than toasters. can you live without toast. american families can't get by without mort...
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