Detailed text transcripts for TV channel - MSNBC - 20111207:23:06:00
Legislation should be administered by an independent agency. the regulators are there to worry about the saved and standards of the banks, because of that being their preoccupation, they tend to undervalue consumers. what we did find was the major advocate consumers were at the state level of the attorneys general. that's why the president correctly picked a former state attorney general to head the agency, mr. cordray. what we did was to say here's the deal. we'll take the powers that now exist and give them to an independent agency that isn't going to be influenced by the banks the we also s...
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