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Senate before I would say it again here's what I like doctor Elisabeth won a lot of Republicans and Democrats don't mean that with the highest respect.
She doesn't seem to care one bit as chair of the congressional oversight panel responsible.
For investigating the -- -- she came down -- of the treasury department for not being necessarily transparent.
Congress itself for not being all that responsive.
Recently baloney that nearly a year and a half -- to the financial meltdown.
Congress has failed to come up with a single rule to make things safer then.
She goes off at six of a lot of Republicans -- fans of the consumer protection agency they deem unnecessary.
By insisting sorry.
Very much necessary.
With being that of the after mentioned Elizabeth Warren a woman who has warned of another meltdown.
And watching and doesn't straighten out.
And move fast releasing a report tomorrow plastic TARP for ignoring small business so much to get to the woman to get to it.
Here Elizabeth -- added that.
It's good to be here on first off on why this reform.
And reform bill more to the point is taking so long it's not -- that this is news to them a lot of the things they.
They did -- only addressing by you still need addressing what's.
Do I just have to say you could have somebody who understands Washington better than I do that I'm truly believed.
In November of 2008.
That we would have a complete reform package on the table discussed debated and voted on -- out the door within six months.
But it tell you I just -- I'm not I'm not Washington and what people tell me.
Is that tag having reform bill this comprehensive in a year and a half is actually moving the speed of light for congress.
Well you don't I spent a lot of time in Washington you're covering health care.
Battles back and forth to the vote in the final passage.
And I think that was a lot of the preoccupation.
I was and I think it I'm not saying you can't walk talk to chew gum at the same time but.
I don't think these guys can -- talk -- you don't have the same time so it was health -- full throttle and the detriment of everything else.
It really wants but also remember there is a very powerful set of lobbyists out there.
-- Wall Street bank lobbyists.
And what they want it would slow it down slow it down don't let it happen not today not today maybe tomorrow maybe next year maybe get -- because there idea is maybe we'll get to a new normal.
And we'll get accustomed to the kind of economy we -- right now and they would continue to live under the old rules let's face it.
Those rules have been very very good to the Wall Street banks and so.
They really have done everything they can't slow it down so you think it that's been part of the problem -- -- do you think TARP was worth.
I didn't I didn't included thoughtful question will ask for a -- -- -- -- I think to answer simultaneously.
And one is down I think we have to do something I actually am one of those people has come to believe -- -- with through the data.
We could have plunged over the edge but I have to say at the same time the idea that we would -- Hundreds of millions of dollars into -- Wall Street banks finding no strings attached faces.
And thus create too big to fail you guys get out there and do business one way the rest of the world has to deal with reality and what's failure.
I think that profoundly changed our economy and was.
-- years deeply costly sit here we are trying to patch something together to put that genie back in the bottle.
But that aspect of -- that's.
That's the one that sticks in my car.
All right now in the finance a -- we don't know it's going to be ultimately -- that we do know what they've taken out of there.
This fifty billion dollar bank funded.
I guess rescue fund where the banks would paid for the next -- -- on.
That's out what do you make it.
Well for me it was never so much about whether we -- the funeral expenses were post on that.
You know comment afterwards and take it from the industry.
What really matters to me is that we find -- -- -- To be able to us today.
If you make bad enough mistakes you very large Wall Street bank.
You can die you're your shareholders will be wiped out -- get tickets are cutting your top management will be.
-- the businesses it once existed -- -- -- gone.
That we have a way to do that without bringing -- -- bringing down everybody in the circle around them.
And I have to say I think that the proposals on the table for some sort of what's called resolution authority even for changes in Chapter Eleven.
Are headed in the right direction on -- -- I think we're moving in the right direction but that it is one of the two key things we must do in this financial --
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