how big is too big? nobody likes excessive big. the other issue is and hillary clinton is quite right, working with some very thoughtful people, like gary gaessler, who is the best regulator, a lobbyist for tough reform at the commodities futures trading division, you ve got to get specific. and you do have the non-bank, the shadow banks and simply breaking up morgan stanley or the bank of america isn t going to do anything, literally not anything to restrain shadow banking, which is why secretary clinton is very specific about what to do about it. let me ask you this. part of the context of that wall street speech yesterday is the idea that dodd-frank, which bears your name, while something that bernie sanders voted for and supports, didn t go far enough and that in the system now there remains the potential for cataclysm crisis, the banks have too much power.
pieces. i think frankly senator sanders is not coming out with what is important. how big is too big? nobody likes excessive big. the other issue is and hillary clinton is quite right, working with some very thoughtful people, like gary gaessler, who is the best regulator, a lobbyist for tough reform at the commodities futures trading division, you ve got to get specific. and you do have the non-bank, the shadow banks and simply breaking up morgan stanley or the bank of america isn t going to do anything, literally not anything to restrain shadow banking, which is why secretary clinton is very specific about what to do about it. let me ask you this. part of the context of that wall street speech yesterday is the idea that dodd-frank, which bears your name, while something that bernie sanders voted for and supports, didn t go far enough and that in the system now there remains the potential
successful future. all too often that fame and notoriety destroys people. they re not able to handle it. guys can take that experience and parlay great success. banks aren t willing to loan. it s difficult. it takes months to get the loan. yes. we fill out this piece of paper, didn t receive it. we need it again. a month has passed. it s difficult. it s not as difficult to get financed as it s been portrayed. in 2010, 90% of purchase business united states was controlled by major banks. since that time, over 50% has gravitated towards non bank lenders. it doesn t take us 30 days. the averagedays. i m buying. thank you for having me. go panthers. 19 minutes before the top of
credit. ed, let me start with you. this new wall street reform bill actually helps people access their credit scores more easily. how much does it help consumers and in what other ways? well, the bill is, first of all, a landmark reform because it creates a new consumer bureau. it s the biggest since 1943. but getting access to your credit scores is part of it, but the bureau is a new consumer protection machine that will have the authority to regulate every financial product sold by a bank or non-bank, payday lender or whoever. so it s a very big victory for consumers. it s a big change, but lynette, i m curious your take. is this credit score system broken? i m astounded why i can t figure out why my scores are the way it is. i have three very different scores and it s all done in a black box. a lot of people have made that criticism and said the