linda mcmahon has already thrown $20 million at her campaign. she s got ads, she s got yard signs. and that fight is on. it s a smackdown, can we call it a smackdown in connecticut? look, we re trying to keep the wrestling metaphors to a minimum. no, more wrestling metaphors. elizabeth warren has a job, sort of. explain. another czar, dare we say. the white house is going to be loathe to call it that. elizabeth warren had this idea to create this consumer federal protection agency. of course it was passed as a part of the financial major all bill some months ago, earlier this year, and now the president perhaps dodging, he s certainly dodging a confirmation fight in the senate. he s going appoint her to a special advisory role to oversee the birth of her grandchild, this consumer protection agency.
american people against the predation of wall street and the banks. again, the great thing is they can look at what we proposed, what the president proposed, they can see those things and judge whether they look tough enough, fair enough, whether we got the balance right. we ve got a very tough, strong package of reforms. why is the consumer federal protection agency inside the fed. why not a stand alone agency? our view is it should be a stand alone agency. what we propose met that basic test. the key thing is it have the resources it needs to do its job, to payday lenders, mortgage brokers, everybody who is in the business to provide credit to a consumer. we want the authority to enforce that system. you know what happened, we allowed this country to get to the point where there were a set of rules, they weren t tough enough, they existed and only
predation of wall street and the banks. again, the great thing is they can look at what we proposed, what the president proposed, they can see those things and judge whether they look tough enough, fair enough, whether we got the balance right. we ve got a very tough, strong package of reforms. why is the consumer federal protection agency inside the fed? why not a stand-alone agency? our view is it should be a stand-alone agency. what we propose met that basic test. the key thing is it have the resources it needs to do its job, have the authority to write rules that apply to everybody, not just to banks but to payday lenders, mortgage brokers, everybody who is in the business to provide credit to a consumer. we want the authority to enforce that system. you know what happened, we allowed this country to get to the point where there were a set of rules, they weren t tough enough, they existed and only enforced on banks. over time, what happened is a whole industry of other people
financers say the joke could be on us with a future financial crisis inevitable worse than the last one. they are imploring our president to take drastic measures to fix this situation when it comes to banking laws. calling on the president, those presidents past from saturday night live. the spoof video has a recognizable ensemble pressing president obama to make sure a consumer federal protection agency is included in reform legislation and it is so funny because it is so true. you two are the ones who stripped out all of the regulations. why would i want advice from you? dude, it was the 90s, people did all kinds of crazy things. perhaps if that real life ensemble of snl presidents we