is the secret service being called in? isn t that amazing? everywhere you look the fbi, the secret service, i ve got ags around the country saying we are going to go after the companies. everybody wants to get into the act. at the same time, it is the least prosecuted crime in the country, the fastest growing crime in the country. in 2012, 12 million americans were victimized by this. according to the fbi, every three seconds somebody has their identity stolen. while you and i are talking, maybe 60 people are going to be victimized. if i m among those 60 people being victimized, what should i be doing to protect myself? what are the consumer agencies doing? s. we have this new consumer financial protection bureau that came in with the dodd frank bill.
if citigroup blows up, there s a london whale at jp morgan, that means they have three times as much risk. neil: we haven t taken any of the risk away. institutions there s more we have taken some of it because there s nor capital. but you didn t need dodd-frank. dodd-frank goes beyond just capital. there are costs involved new york consumer agencies neil: already seen atm fees, no longer free checking. we reported today. neil: how much more? we reported this today. fox business reported that jp morgan is going to spend billions of the next year in regulatory sort of compliance costs. that comes out of somewhere. that is going to be the customer is going to pay for that. neil: in what i would? higher fees, you name it. no more free checking. that s a thing of the past. and i think the more simple way to do this the only thing i can think of why the president doesn t want to break up the
mission. standing up for consumers and middle class families. big banks tried to stop us, but that new agency is already working to cut the fine print and hold those banks accountable. we can take on the big guys and win. i m elizabeth warren, and i approve this message. stop it. stop it. i m elizabeth warren, and this guy fired me. it s hilarious. you say it off the air. and i hate to call you out on it. no, i don t. oh, come on. the banks got her fired. joe, joe they did. totally different. thrown under the bus is completely different than firing. ok. so she was thrown under the bus? i love it. i love it. barack obama. elizabeth warren has created one of the most important consumer agencies ever, and now i m going to fire her. you had your fun. you get to act like an idiot on the set. now let me ask you is that your defense mechanism to the truth? do you think the republicans had nothing to do with stomping her out? of course they did.
for the democrats to come. and it contains zero of these riders that tried to make social policy in the budget. the first cut the republicans had at this in hr-1 had 500 riders. it limited the ability of the epa to regulate certain kinds of air pollution. it limited the ability of consumer agencies to protect consumers and for democrats, it could have defunded obama care and planned parenthood, but zero riders will be in this. it s a huge concession made by the republicans. i know david is mad at these guys. i m not. this is democracy. this is how it s supposed to work. these are matters of great principle they are compromising on. it s not easy. susan, was it a mistake for republicans to put in so many riders? it s hard to say, because not being in the room in terms of what republicans needed to put in to bring their base along to
he is trying to position himself as the grownup in the middle. paul begala, is that how you saw it, as well? yeah, the president is always at his best when he can bring both sides together. they did move a long way, both sides. the continuing resolution that they re about to pass in seven days cuts $78.5 billion from the budget that the president asked for just a few months ago. that s a long way for the president to come, a long way for the democrats to come. and it contains zero of these riders that tried to make social policy in the budget. the first cut the republicans had at this in hr-1 had 500 riders. it limited the ability of the epa to regulate certain kinds of air pollution. it limited the ability of consumer agencies to protect consumers and for democrats, it could have defunded obama care and planned parenthood, but zero