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Detailed text transcripts for TV channel - MSNBC - 20100729:11:12:00

The real work getting the regulations adopt the next few years i wasn t going to write regulations. a ludicrous idea for congress to suggest we did that. we wrote rules and not the ten command wants. you need public commentary periods on them and move forward. the basic prinze principles are there. toirs and consumers and small banks are winners in this bill. i think with those goals in mind, plus doing what we are doing to stop too big to fail and protect consumers and have real clarity and transparency basically the country is in strong shape come in the coming years. we need to harmonize the rules. that s great news for us as well. senator dodd, can you tell me what happened in the process? i talked with you repeatedly before this started and with barney frank who is very clear that this was meant to show great clarity and be able to show what these banks were doing. ....

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