the spectrum is that a concern. christian, you are right about the bankings overstepping the bounds. did you have everything in your tool box to handle the crisis. they will tell you yes. but they did not enforce the regulation. this director is dealing with pay day lenders. that s where these people are. you take a loan out for two weeks and write them a post dated check and they charge 16 percent. and takes 20 million people. . wayne, you deal with that every day. is that a fair assessment? no. the problem is fundmental. and as i said it starts with the dodd-frank bill itself. it should be thrown out. you can t regulate and it should be competive. go back to the bill cancelled in 1999 and resurrect that and allow competition to control this, you wouldn t have the problem at all.
what is greating people that the senate rejected this guy. the president is doing an end run around the senate s constitutional obligation of advice and consent. jenna: this consumer financial protection bureau is how it was set up, the intention was it would protect consumers. obviously we want the best protections. we want the best situation for just as american citizens. i just wonder if you re appointing someone that people don t want in that position how that benefits the bureau and where it all goes? there were a number of reasons why he was rejected by the senate. many republican senators believe the free market should protect consumers. the democrats who put through the dodd-frank bill believe bureaucrats should protect consumers, basically telling them what to do and taking their tax dollars to enforce regulations. used to be if you lost a confirmation battle you are gone. this president found a way to get you the job anyway. jenna: there is a loophole? congress could deny t
is insane. martha: she s got a point. that is a question you are not able to answer. it is one i can answer. martha: please do. we had the financial meltdown precisely because of deregulation because we took away the rules that plea vented walprevented wall street from creating the twisted little investment packages, bundling subprime mortgages. we deregulated and that s what created the crisis. martha: banks are smart, right. no matter what kind of regulation or other layer you put on top of them they will figure out ways to make money because that s what they are supposed to do. that is their job to figure it up. until you have responsibility on all sides, monica weigh in on this one more time if you d like to, you have to scratch your head and wonder why we need another layer. this comes out of the dodd-frank bill. it institution in insurance ta taougs in a liesess too big to fail, it takes the ability of
able to answer. it is one i can answer. martha: please do. we had the financial meltdown precisely because of deregulation because we took away the rules that plea vented walprevented wall street from creating the twisted little investment packages, bundling subprime mortgages. we deregulated and that s what created the crisis. martha: banks are smart, right. no matter what kind of regulation or other layer you put on top of them they will figure out ways to make money because that s what they are supposed to do. that is their job to figure it up. until you have responsibility on all sides, monica weigh in on this one more time if you d like to, you have to scratch your head and wonder why we need another layer. this comes out of the dodd-frank bill. it institution in insurance ta taougs in a liesess too big to fail, it takes the ability of the financial sector to make money.
differently now that is in the white house. what is greating people that the senate rejected this guy. the president is doing an end run around the senate s constitutional obligation of advice and consent. jenna: this consumer financial protection bureau is how it was set up, the intention was it would protect consumers. obviously we want the best protections. we want the best situation for just as american citizens. i just wonder if you re appointing someone that people don t want in that position how that benefits the bureau and where it all goes? there were a number of reasons why he was rejected by the senate. many republican senators believe the free market should protect consumers. the democrats who put through the dodd-frank bill believe bureaucrats should protect consumers, basically telling them what to do and taking their tax dollars to enforce regulations. used to be if you lost a confirmation battle you are gone. this president found a way to get you the job anyway. jenna