. >> let me turn to you, david hirschman.hat is the objection of the chamber of commercial and others who have problems with it? >> well, protecting consumers is a good thing, good both forç into what we hope is a fair marketplace. the real question is how is this agency going to work? it was sold as kind of a one stop shop for consumer protection but in reality it's just one more agency in an overly cumbersome structure that was built 75 years ago. federal regulators will do consumer protection as well as the 51 state attorneys general who are given powers to enforce the rules written here. what we've asked from the beginning is, okay, we understand we need to protect consumers. that's one of the many things that broke down during the crisis. how is this going to work? doesn't solve the rob problem. >> woodruff: you brought up, jeff madrick, you brought up elizabeth warren but she won't be the one heading up this bureau. it's going to be richard cordray instead. how much difference does that make in what this new bureau doe