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FOXNEWS Special Report With Bret Baier June 9, 2011 08:34:00

The cap will hurt the smaller bank and credit union. correspondent james rosen shows us which side won. the amendment is not agreed to. with that, the senate dealt a blow to effort by financial institutions to stave off a loss of $10 billion a year starting july 21. that is when a new federal reserve rule will take effect on swipe fees. the money that merchants and retailers pay to banks and companies like visa, mastercard every time a customer ploppings down the plastic they found the swipe fee of 44 cents per transaction and posed that it be capped at 12 cents. visa and mastercard and issuing banks that tissue debit cards. they hate this interchange fee regulation like the devil hates holy water. today s failed amendment would have delayed the fed s action by a year. supports predicted banks and credit and debit card issuers would pass new costs on to consumers. if you are selling pizzas, ....

Wendell Goler , James Rosen , Credit Union , 0 Billion , 10 Billion , Mo Ney , Swipe Fees , Customer Ploppings , Federal Reserve , July 21 , Debit Cards , Swipe Fee , Interchange Fee Regulation , Debit Card , Holy Water ,

Detailed text transcripts for TV channel - FOXNEWS - 20110608:22:34:00

The cap will hurt the smaller bank and credit union. correspondent james rosen shows us which side won. the amendment is not agreed to. with that, the senate dealt a blow to effort by financial institutions to stave off a loss of $10 billion a year starting july 21. that is when a new federal reserve rule will take effect on swipe fees. the money that merchants and retailers pay to banks and companies like visa, mastercard every time a customer ploppings down the plastic they found the swipe fee of 44 cents per transaction and posed that it be capped at 12 cents. visa and mastercard and issuing banks that tissue debit cards. they hate this interchange fee regulation like the devil hates holy water. today s failed amendment would have delayed the fed s action by a year. supports predicted banks and credit and debit card issuers would pass new costs on to consumers. ....

Wendell Goler , North America , James Rosen , Credit Union , Swipe Fees , Federal Reserve , 10 Billion , 0 Billion , July 21 , Swipe Fee , Customer Ploppings , Debit Card , Debit Cards , Interchange Fee Regulation , Holy Water ,

Detailed text transcripts for TV channel - CNN - 20110528:08:45:00

Taxpayers own them. that s the size of the problem. i want more names, but josh, what is fannie mae and why is it central? it is a quasipublic, quasiprivate organization, a government-sponsored entity, created in the late 30s in the depression and pioneered the 30-year fixed-rate mortgage. they were later joined by freddie mac, another government-sponsored entity, and they ended up being the largest individual buyers of subprime mortgage-backed securities. to the tune of hundreds of billions of dollars. yes, and the largest issuers of conforming conventional mortgages. they provided the money that got stuffed into the pipeline that was then borrowed or lent or sold. that s right. jim johnson, and a footnote, maybe not, right at the center of a lot of politics, too. yes. he was astride wall street and washington, also on the board of currently on the board of goldman sachs. only head of their ....

Fannie Problem , Fannie Mae , Josh Rosner , Quasiprivate Organization , Freddie Mac , Fixed Rate Mortgage , Created In The Late 30s , Wall Street , Jim Johnson , Goldman Sachs ,

Detailed text transcripts for TV channel - CNN - 20110528:00:45:00

Depression and pioneered the 30-year fixed-rate mortgage. they were later joined by freddie mac, another government-sponsored entity, and they ended up being the largest individual buyers of subprime mortgage-backed securities. to the tune of hundreds of billions of dollars. yes, and the largest issuers of conforming conventional mortgages. they provided the money that got stuffed into the pipeline that was then borrowed or lent or sold. that s right. jim johnson, and a footnote, maybe not, right at the center of a lot of politics, too. yes. he was astride wall street and washington, also on the board currently on the board of goldman sachs. only head of their compensation committee since they ve gone public. interesting. ran the kennedy center for the performing arts, ran the brookings institution. this was a very washingtonian of the year. but really has escaped scrutiny. but his role was so central because he was really the first person to write the playbook for ....

Freddie Mac , Fixed Rate Mortgage , Wall Street , Jim Johnson , Compensation Committee , Brookings Institution , Kennedy Center For The Performing Arts , Goldman Sachs , United States Congress ,

Detailed text transcripts for TV channel - CNN - 20110528:06:45:00

What is fannie mae and why is it central? it is a quasipublic, quasiprivate organization, a government-sponsored entity, created in the late 30s in the depression and pioneered the 30-year fixed-rate mortgage. they were later joined by freddie mac, another government-sponsored entity, and they ended up being the largest individual buyers of subprime mortgage-backed securities. to the tune of hundreds of billions of dollars. yes, and the largest issuers of conforming conventional mortgages. they provided the money that got stuffed into the pipeline that was then borrowed or lent or sold. that s right. jim johnson, and a footnote, maybe not, right at the center of a lot of politics, too. yes. he was astride wall street and washington, also on the board of currently on the board of goldman sachs. only head of their ....

Fannie Mae , Fixed Rate Mortgage , Quasiprivate Organization , Created In The Late 30s , Freddie Mac , Jim Johnson , Wall Street , Goldman Sachs ,