Detailed text transcripts for TV channel - CNN - 20100715:13:10:00
Protection agency. so when you're using things like credit cards or getting a loan, this is supposed to stop companies from unfair practices. one of the other things it does is, it regulates derivatives. may recall those really complex financial products that when they flopped, brought down lehman brothers, would have brought down aig, had the government not stepped in there. so it regulates those derivatives an also it gives the government winddown power. this is something the government can do now with banks. it allows the government have these similar wind-down powers for these huge financi...
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