the military, by the way. jenna: because they serve our country, and you say this is really about serving our country. absolutely. jenna: so what s the end game for fannie may and freddie mac? if we could do anything with it at this point, it s backinged 0% of the mortgages in this country right now. i d phase them out, and we tried to do that on the dodd-frank bill, by the way, two individuals who played a key role in the crisis that ensued. and remember the dodd-frank bill was supposed to insure that no institution was ever too big to fail? do you think we ve achieved that goal? jenna: well, i ll leave that to the viewers to decide. [laughter] i have one final question for you, how do you like that for dodging that question, senator? let me just ask you one final thought because something was described to me as an under or below-the-radar fight with the white house you re having, and i d like to get your words on it. apparently, you re battling with the white house about detentio
didn t work. they are changing their mind on it. can we talk about why dodd-frank is in place? more importantly, yesterday we found out that the fannie, freddie executives are paid out $30 million in bonuses. fannie and freddie took 1p 0 so far, took $170 billion. the interesting part of dodd-frank is fannie and freddie were left out of dodd-frank conveniently because it s a government sponsored enterprise. in other words, obama can do the games, home loan, student loan and throw them to fannie and freddie and they won t be subject to overwhelming regulation. bob: why do you think dodd-frank went after bank of america and these are hidden fees? you know when they send out the credit cards and say zero interest? the key, if it s not zero it s 29.9. if you don t pay it exactly the day you re supposed to pay it. there are all kind of things they keep hidden in the small print. the banks have been ripping people off relentlessly for years. greg: they got to make money. somehow they g
greg: it s not a hidden fee. dana: can we back way up and can you, eric, in your way explain why but why they didn t just willy-nilly the fee. it s a durbin amendment that senator durbin put on the dodd-frank bill. if you think you weren t already paying $5 a month to use your atm card, you re wrong. that was hidden in the cost of the transactions that you were doing with retailers. if you went to wal-mart or target there was a fee. bob: do you think banks don t hide charges? dana: i m just saying. bank of america being transparent, we have to charge for it. but i agree they listened to the customers closely but probably very loudly. bob: i would think so. go ahead, mr. eric. defend this crap. eric: there is nothing to defend about it. when dodd frank and the financial reg came down, it clearly told banks that you have to find other ways other than charging for attm fees, credit card fees. find other way to generate income. that s what they do. they tried embedded fee a
greg: it s not a hidden fee. dana: can we back way up and can you, eric, in your way explain why but why they didn t just willy-nilly the fee. it s a durbin amendment that senator durbin put on the dodd-frank bill. if you think you weren t already paying $5 a month to use your atm card, you re wrong. that was hidden in the cost of the transactions that you were doing with retailers. if you went to wal-mart or target there was a fee. bob: do you think banks don t hide charges? dana: i m just saying. bank of america being transparent, we have to charge for it. but i agree they listened to the customers closely but probably very loudly. bob: i would think so. go ahead, mr. eric. defend this crap. eric: there is nothing to defend about it. when dodd frank and the financial reg came down, it clearly told banks that you have to find other ways other than charging for attm fees, credit card fees. find other way to generate income. that s what they do. they tried embedded fee a
didn t work. they are changing their mind on it. can we talk about why dodd-frank is in place? more importantly, yesterday we found out that the fannie, freddie executives are paid out $30 million in bonuses. fannie and freddie took 1p 0 so far, took $170 billion. the interesting part of dodd-frank is fannie and freddie were left out of dodd-frank conveniently because it s a government sponsored enterprise. in other words, obama can do the games, home loan, student loan and throw them to fannie and freddie and they won t be subject to overwhelming regulation. bob: why do you think dodd-frank went after bank of america and these are hidden fees? you know when they send out the credit cards and say zero interest? the key, if it s not zero it s 29.9. if you don t pay it exactly the day you re supposed to pay it. there are all kind of things they keep hidden in the small print. the banks have been ripping people off relentlessly for years. greg: they got to make money. somehow they g