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have a thing like that was, of course, championed and developed by our guest earlier this hour, elizabeth warren. elizabeth war rin brought richard corddy ray from ohio to washington, d.c. to run the enforcement division of the new consumer financial protection agency. president obama today made the case for richard cordray running the whole enchilada. >> back in the '80s richard was a five-time "jeopardy" champion and a semifinalist in the tournament of champions. not too shabby. that's why all his confirmation -- all his answers at his confirmation hearing will be in the form of a question. that's a joke. >> it's never good when you have to say it, but that will be only the first sort of funny thing about the process from here on. 44 republican senators, get this 44 republican senators have already said they will block the appointment of anyone appointed to run the new agency because frankly honestly they don't want a new agency looking after consumers' interests in financial matters. now we have a nominee which means the president is calling the republican's pluf on this one, and elizabeth wa
have a thing like that was, of course, championed and developed by our guest earlier this hour, elizabeth warren. elizabeth war rin brought richard corddy ray from ohio to washington, d.c. to run the enforcement division of the new consumer financial protection agency. president obama today made the case for richard cordray running the whole enchilada. >> back in the '80s richard was a five-time "jeopardy" champion and a semifinalist in the tournament of champions. not too...
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for the agency, but what is next for elizabeth warren? that is one of the more interesting aspects of the story. >> she was passed over for the top job by a former ohio attorney general richard cordray. >> what could she not get confirmed? -- why would she passed over? >> she cannot get confirmed. >> there is talk of her running out for the senate in massachusetts against scott brown. >> this is a part time for her to announce that she is pretty happy to mention it on this show. scott brown is formidable. i've been talking to a number of democrats who think there is going to be an uphill race against him. but let's make one thing clear about richard cordray, who is an outstanding attorney general of ohio. it is not just elizabeth warren and they are trying to sink, the republicans. shelby is going to fibuster hamidhey don't like this agency. >> they never have. and they don't like consumers very much. >> they don't like the revenue stream this agency has. >> that's right, because it gives them autonomy that congress -- >> let me just expl
for the agency, but what is next for elizabeth warren? that is one of the more interesting aspects of the story. >> she was passed over for the top job by a former ohio attorney general richard cordray. >> what could she not get confirmed? -- why would she passed over? >> she cannot get confirmed. >> there is talk of her running out for the senate in massachusetts against scott brown. >> this is a part time for her to announce that she is pretty happy to mention it...
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and elizabeth warren. know this nominee is bad at so far is this. >> i'll bet $400, please, alex. >> here is the clue first. group which topped the country charts with the following song about a truck driver. listen. ♪ roll on, highway ♪ roll on along ♪ roll on, daddy, ♪ till you get back home ♪ roll on family ♪ roll on crew ♪ roll on mama ♪ like i asked you to do ♪ roll on, 18-wheeler ♪ roll on >> who are the bandits. >> no. i sensed you were drawing a blank on that. it's a popular group too in country music. alabama. >> the bandits? foreshadowing, because now he gets to go after them. richard cordray, five-time "jeopardy" champion, first-time candidate for the leader of the new consumer protection agency. i will take standoff for $1 trillion, alex. >>> over the past week, our best new thing in the world today has repeatedly involved the amazing, nail biting, this is why people love sports sport. that was team usa's thrilling, harrowing, brink of elimination run through the world cup of soccer this past w
and elizabeth warren. know this nominee is bad at so far is this. >> i'll bet $400, please, alex. >> here is the clue first. group which topped the country charts with the following song about a truck driver. listen. ♪ roll on, highway ♪ roll on along ♪ roll on, daddy, ♪ till you get back home ♪ roll on family ♪ roll on crew ♪ roll on mama ♪ like i asked you to do ♪ roll on, 18-wheeler ♪ roll on >> who are the bandits. >> no. i sensed you were drawing...
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elizabeth warren.ell deserved rest and thank you for joining us today. >> thank you. >>> and turning overseas, the phone hacking scandal has no rest surrounding rupert murdoch's media empire. it's reaching tall way to downing street and scotland yard. prime minister david cameron is cutting short a trip today to south africa trying to can tin the damage he's rushing home. the head of scotland yard resigned yesterday morning. now his number two, the top deputy is out today. the force is under fire for not properly investigating the allegations years ago. rupert murdoch is supposed to face the scandal head on tomorrow during a committee hearing in parliament. his former top executive brooks got out on bail today after her weekend arrest and has also been called to testify. we're live in london. so much is happening. it's hard to keep up. you're the one on top of this. where does it go with the prime minister heading back to town today? >> you're right, there are so many moving parts. right now cameron he
elizabeth warren.ell deserved rest and thank you for joining us today. >> thank you. >>> and turning overseas, the phone hacking scandal has no rest surrounding rupert murdoch's media empire. it's reaching tall way to downing street and scotland yard. prime minister david cameron is cutting short a trip today to south africa trying to can tin the damage he's rushing home. the head of scotland yard resigned yesterday morning. now his number two, the top deputy is out today. the...
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he also think elizabeth warren for here -- thanked elizabeth warren for her contributions.uest: this is still a bit of a mystery exactly why the white house chose this particular route. in part, because 44 senate republicans said they will not vote to confirm anyone until there are changes in the structure, so that naturally ranges -- raises the question of it she conceived of the idea and setting it up, why not nominate her? we do not precisely know the answer to that question. i suspect the white house decided there was advantage in trying to have been invented in not nominating born. yesterday she moved immediately in a very proud nation as advocacy role that is hard to pull off if you art of regulator at that time. there may be logic there as well. she is also working hard to bring on board the sort of democratic interest groups whose support the cfpb. i suspect there was a role she could play on all cited one not work on the inside. the: we're talking about consumer financial protection bureau and the man nominated to be the new head of its. he would be the first head
he also think elizabeth warren for here -- thanked elizabeth warren for her contributions.uest: this is still a bit of a mystery exactly why the white house chose this particular route. in part, because 44 senate republicans said they will not vote to confirm anyone until there are changes in the structure, so that naturally ranges -- raises the question of it she conceived of the idea and setting it up, why not nominate her? we do not precisely know the answer to that question. i suspect the...
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he also think elizabeth warren for here -- thanked elizabeth warren for her contributions. guest: this is still a bit of a mystery exactly why the white house chose this particular route. in part, because 44 senate republicans said they will not vote to confirm anyone until there are changes in the structure, so that natally ranges -- raises the question of it she conceived of the idea and setting it up, why not nominate her? we do not presely know the answer to that question. i suspect the white house decided there was advantage in trying to have been invented in not nominating born. yesterday she moved immediately in a very proud nation as advocacy role that is hard to pull off if you art of regulator at that time. there may be logic there as well. she is also working hard to bring on board the sort of demoatic interest groups whose support the cfpb. suspect there was a role she could play onll cited one not work on the inside. the: we'realking about consumer fincial protection bureau and the man nominated to be the new head of its. he would be the first head of it if he
he also think elizabeth warren for here -- thanked elizabeth warren for her contributions. guest: this is still a bit of a mystery exactly why the white house chose this particular route. in part, because 44 senate republicans said they will not vote to confirm anyone until there are changes in the structure, so that natally ranges -- raises the question of it she conceived of the idea and setting it up, why not nominate her? we do not presely know the answer to that question. i suspect the...
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i asked elizabeth warren to set up the new borougubor bur burea.he is making sure credit card loans and contracts are simpler, and written in english. already, for example to the leadership of the bureau, we're seeing men and women in uniform getting more protections against fraud and deception, when it comes to financial practices. and as part of her charge, i asked elizabeth to find the best possible choice for director of the bureau. and that's who we found in richard cordray. richard was one of the first people that elizabeth recruited. he has helped stand up the bureau's enforcement in the last few months. he took this job, which meant being away from his wife and 12-year-old twins back in ohio, because he believed so deeply in the mission of the bureau. prior to this as ohio attorney general, rich helped cover billions of dollars in things like pension funds on behalf of retirees and stepped up the state's practices against scupulous spending practices. democrats and republicans, banks and consumer advocates. now, last but not least, back in
i asked elizabeth warren to set up the new borougubor bur burea.he is making sure credit card loans and contracts are simpler, and written in english. already, for example to the leadership of the bureau, we're seeing men and women in uniform getting more protections against fraud and deception, when it comes to financial practices. and as part of her charge, i asked elizabeth to find the best possible choice for director of the bureau. and that's who we found in richard cordray. richard was...
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let's demonize elizabeth warren. let's discredit the consumer agency by attacking the person that i think should be the head of it. what did they convict her of? i guess i elizabeth warren should take comfort from the fact that the worst thing based -- i guess elizabeth warren should take comfort from the fact that the worst thing they can come up with to discredit her is that a woman charged with protecting consumers and looking out for consumer interests proposed a plan for dealing with the mortgage situation. how terrible of her? shame on her that she would actually sit down and try to figure out what she thought was best and submitted in a -- non-coercive way. i do not think anybody has ever said that elizabeth warren threatened to beat me up. come save me and protect me from elizabeth warren. i would just say this -- >> i would like at least 30 seconds to respond to that. >> you can finish in 10 seconds. >> i do not understand that we go back and forth and response. i will offer to anyone who feels threatened by
let's demonize elizabeth warren. let's discredit the consumer agency by attacking the person that i think should be the head of it. what did they convict her of? i guess i elizabeth warren should take comfort from the fact that the worst thing based -- i guess elizabeth warren should take comfort from the fact that the worst thing they can come up with to discredit her is that a woman charged with protecting consumers and looking out for consumer interests proposed a plan for dealing with the...
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finally this continued effort to demonize elizabeth warren because she has advised people, not ordered anybody, not insisted, advised people of what to do is, i think, bizarre. >> thank you. would like to recognize the chairman of the full committee for two minutes. >> a few, chairman. i have listened to my colleagues on both sides. there is actually some agreement and some consensus, despite what you may have durbin. we all recognize that there have been shortcomings, shortcuts and shoddy paperwork in some of the mortgage servicing companies. in fact, the chairman mentioned the occ and the federal reserve acted to correct these in april. i think all members of this committee supported that. our concerns is not the concern of the ranking member frank. our concern has been the same for the last two to three years. one of those concerns is that the government's efforts in the housing market has actually, in many cases, had mixed results. let's just say that to be kind. they have been expensive, but they have often been counterproductive. the program is a good example where billions of do
finally this continued effort to demonize elizabeth warren because she has advised people, not ordered anybody, not insisted, advised people of what to do is, i think, bizarre. >> thank you. would like to recognize the chairman of the full committee for two minutes. >> a few, chairman. i have listened to my colleagues on both sides. there is actually some agreement and some consensus, despite what you may have durbin. we all recognize that there have been shortcomings, shortcuts and...
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today, the president announced his choice to lead the consumer financial bureau and it was not elizabeth warren and not that warren who is the superstar harvard professor who came up with the agency and spent the last year to get it off of the ground is not qualified, but you could make the argument that she is truly the only candidate qualified for the job she thought up herself, but she is not confirmable. but not confirmbibab confirmabl problem only for warren. today, president obama announced his candidate from ohio. what do you think of him, mr. president? >> i asked elizabeth to find the best possible director of the bureau and that is who we found in richard cordrey. >> but the only problem, he is not confirmable either and not that the resume is thin, because he has a great e reputation in consumer protection circles and very forward in the foreclosure fraud, and he is within of the first to come help her agency, but the problem is that the republicans won't confirm anyone, because they don't want the agency to exist in the first place. rich mcconnell said it is not e liz warren-specifi
today, the president announced his choice to lead the consumer financial bureau and it was not elizabeth warren and not that warren who is the superstar harvard professor who came up with the agency and spent the last year to get it off of the ground is not qualified, but you could make the argument that she is truly the only candidate qualified for the job she thought up herself, but she is not confirmable. but not confirmbibab confirmabl problem only for warren. today, president obama...
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the announcement comes after the president bypassed harvard law professor, elizabeth warren, who is the one credited with laying the groundwork for the agency. warren is now indicating that she may be considering a senate bid against massachusetts freshman senator, scott brown. appearing right here on msnbc's andrea mitchell reports yesterday, warren said she will think about running once she returns home. >> i've been working 14 hours a day on trying to stand this consumer agency up really for more than a year now. and it's been wonderful work. but it has been all-absorbing work. massachusetts does beckon in the sense that it's my home and i need to go home. and when i go home, i'll do more thinking then. but i need to do that thinking not from washington. i need to go home. >> if she decides to run, elizabeth warren and brown would face off in what could be one of 2012's most-watched senatorial races. >>> new pictures from space shuttle "atlantis," it undocked from the international space station for the final time this morning. "atlantis" crew members are going through their last ins
the announcement comes after the president bypassed harvard law professor, elizabeth warren, who is the one credited with laying the groundwork for the agency. warren is now indicating that she may be considering a senate bid against massachusetts freshman senator, scott brown. appearing right here on msnbc's andrea mitchell reports yesterday, warren said she will think about running once she returns home. >> i've been working 14 hours a day on trying to stand this consumer agency up...
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>> well obviously elizabeth warren had been toxic, had become toxic in congress.think her views were distorted but mr. cordray has similar views at least in principle. i think once we get beyond what became the toxic nature of thisçç debate he will by ad large live up to those principles but let's keep in mind all this talk about having a structure to support and protect consumers in complex financial areas simply didn't hold up in the last four or five years. we did not have the structure. in fact, we had by and large ample rules but washington and state and local regulators didn't implement them as didn't oversee a fast-changing industry. >> woodruff: david hirschman, what about that point? and if you would, first, does it make a difference to the chamberç who is heading up this agency, whether it's elizabeth warren or richard cordray? >> certainly our view is that any nomination get a fair and thorough hearing. our issue is not with the personality. it's with the unique concentration of powers put in place at this agency in the name of getting the headline.
>> well obviously elizabeth warren had been toxic, had become toxic in congress.think her views were distorted but mr. cordray has similar views at least in principle. i think once we get beyond what became the toxic nature of thisçç debate he will by ad large live up to those principles but let's keep in mind all this talk about having a structure to support and protect consumers in complex financial areas simply didn't hold up in the last four or five years. we did not have the...
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then elizabeth warren will speak with andrea mitchell. we'll see you tomorrow. bye-bye.s travel forecast on this monday. i'm bill karins. the heat wave the big story but later on thunderstorms will roll down through new england. some of those could be on the strong side so we could possibly see late day, afternoon airport delays in botch, new york and hartford. also some storms in detroit and chicago. the heat really oppressive through the middle of the country. have a great day. [ female announcer ] ever wish vegetables didn't taste so vegetably? well, v8 v-fusion juice gives you a full serving of vegetables, plus a full serving of fruit. but it just tastes like fruit. and try our deliciously refreshing v8 v-fusion + tea. finally, there's a buchoice for my patientsfruit. with an irregular heartbeat called atrial fibrillation, or afib, that's not caused by a heart valve problem. today we have pradaxa to reduce the risk of a stroke caused by a clot. in a clinical trial, pradaxa 150 mg reduced stroke risk 35% more than warfarin. and with pradaxa, there's no need for those
then elizabeth warren will speak with andrea mitchell. we'll see you tomorrow. bye-bye.s travel forecast on this monday. i'm bill karins. the heat wave the big story but later on thunderstorms will roll down through new england. some of those could be on the strong side so we could possibly see late day, afternoon airport delays in botch, new york and hartford. also some storms in detroit and chicago. the heat really oppressive through the middle of the country. have a great day. [ female...
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>> thank very much. >> joining us from the white house is elizabeth warren.hanks very much for coming in. >> it's a pleasure to be here. >> why do you think you're so controversial? >> you know, i'm going to say, i really don't get it. the stuff i work on are things like how bad fine print is. and how it is that credit agreements should not be written in language that ordinary folks can't read. and understand. and why it shouldn't take an army of folks, of lawyers to be able to interpret a mortgage agreement for you. that's stuff all kinds of folks think are good things for hard works middle class americans. i really don't get the part. what is the one thing i've done that makes me controversial. i think this is politics. >> the consumer financial protection bureau, really your brain child, as the president of the united states himself said. how dis appoiappointed are you e didn't nominate you to head it in the. >> oh, golly, not at all. what you really have to understand here is my job was to set this up. one of the people i recruited right from the beginnin
>> thank very much. >> joining us from the white house is elizabeth warren.hanks very much for coming in. >> it's a pleasure to be here. >> why do you think you're so controversial? >> you know, i'm going to say, i really don't get it. the stuff i work on are things like how bad fine print is. and how it is that credit agreements should not be written in language that ordinary folks can't read. and understand. and why it shouldn't take an army of folks, of lawyers...
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the president passed over elizabeth warren. she was a favorite of many consumer groups as well as democrats. it was generally accepted wisdom here in washington, lester, that elizabeth warren could not get confirmation in the senate. lester? >> mike, thank you. >>> they're off again in california. drivers return to the 405 freeway in los angeles this afternoon 16 hours ahead of schedule. road crews were able to quickly demolish parts of a bridge over one of the nation's busiest highways. and there was no sign of carmageddon, the epic traffic jam officials had warned about. >>> when we come back, saying good-bye to harry potter for a generation of fans who grew up as he did. >>> the movie magic of harry potter has produced more than a decade of hollywood blockbusters. the latest film breaking box office records on this debut weekend taking in more than $168 million in the u.s. and canada. the eight-part series is now complete. and for the actors and the young fans who followed them, the end marks a coming of age. >> let's finish
the president passed over elizabeth warren. she was a favorite of many consumer groups as well as democrats. it was generally accepted wisdom here in washington, lester, that elizabeth warren could not get confirmation in the senate. lester? >> mike, thank you. >>> they're off again in california. drivers return to the 405 freeway in los angeles this afternoon 16 hours ahead of schedule. road crews were able to quickly demolish parts of a bridge over one of the nation's busiest...
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. >> and we saw today that the president could not choose elizabeth warren for the consumer protection bureau that they established, but you say in your piece that he lost the battle over elizabeth warren long before this year. >> he did. a lot of these fights should have been had before the so-called shellacking of the midterms, and there's been this kind of -- and i'm hardly the first to say this -- this tardiness, this slow response in terms of being proactive about things, being it elizabeth warren or jobs or many other things we could list. group enough that getting that lesson now is coming a little late? >> yes, it is coming a little late, although, i don't think it's necessarily tragically late, because once there is a republican nominee and we assume there's going to be one, a republican ticket, it may focus the president's base. that said, i think a much, much bigger problem is not the tardiness of him saying that, but the tardiness still of focusing on jobs. the unemployment rate we know is going to be high when he runs, and when election day comes, and that's the lost time
. >> and we saw today that the president could not choose elizabeth warren for the consumer protection bureau that they established, but you say in your piece that he lost the battle over elizabeth warren long before this year. >> he did. a lot of these fights should have been had before the so-called shellacking of the midterms, and there's been this kind of -- and i'm hardly the first to say this -- this tardiness, this slow response in terms of being proactive about things, being...
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elizabeth warren became that voice, and in more normal times, the president should have been able to appoint her to this commission. it was her idea. she has been creating it for the last year but she can't get nominated because republicans have turned her into the devil lady. she's calm, she's smart, she's nice. >> what's the republican objection to the? >> they want to do away with the agency. they don't want this kind of scrutiny. they want to go back to what they were doing before, and they've done that. >> they think that she is irretrievable left wing. >> she's gone, john. she's in the going to be there. >> i know, but she's made the appointees already to the cfpb, whatever. >> obama has made his appointment but the republicans want to hold it up because they want it to be a board, three republicans two, democrats, running it, rather than this single individual. ma after they do their initial good work to be a real burden and weight on business costs more than the benefit you see. >> this goes back to mcconnell. the federal bureaucracy is too big. it's herniating. >> they shoul
elizabeth warren became that voice, and in more normal times, the president should have been able to appoint her to this commission. it was her idea. she has been creating it for the last year but she can't get nominated because republicans have turned her into the devil lady. she's calm, she's smart, she's nice. >> what's the republican objection to the? >> they want to do away with the agency. they don't want this kind of scrutiny. they want to go back to what they were doing...
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move on to elizabeth warren and the hearing yesterday -- host: let's move on to elizabeth warren and a hearing yesterday. here is "the boston globe." , were you taught about -- thought about the temperature in that room yesterday. guest: i find it unusual that the republicans are adamant in attacking the elizabeth warren. she was the first person to articulate how important consumers are to the overall economy. the sub-prime crisis grew out of attacking consumers, but into a problem for our entire country. i've never seen in my time in tigress anyone attacked as much as elizabeth warren. yet, she is a distinguished scholar, and in her time she has worked to reach out to stakeholders and industry, and the private sector, and the public sector, and anybody who meets hersey's how reasonable and effective, -- meets her sees how reasonable and effective she is. host: let's listen to a little bit of it. >> we are working nonstop to build an effective organization with the goal of making consumer financial markets work better for consumers and service providers. we want to make prices clear
move on to elizabeth warren and the hearing yesterday -- host: let's move on to elizabeth warren and a hearing yesterday. here is "the boston globe." , were you taught about -- thought about the temperature in that room yesterday. guest: i find it unusual that the republicans are adamant in attacking the elizabeth warren. she was the first person to articulate how important consumers are to the overall economy. the sub-prime crisis grew out of attacking consumers, but into a problem...
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you say in your piece he lost the battle over elizabeth warren long before this year. >> he did. a lot of these fights should have been had before the so-called shellacking of the midterms. i'm hardly the first to say this. there's been this tardiness, this slow response in terms of being pro active about things, whether it be elizabeth warren or jobs or many other things that we could list. >> is that why the lesson he was trying to teach in that politics of governing seminar comes a little late for the people he wants to hear it? that the administration's processes and responses and political instincts leading up to where we are now has disappointed that group enough that getting that lesson now is coming a little late? >> yes, it is coming a little late, although i don't think it's necessarily tragically late because once there is a republican nominee and we assume there's going to be one, a republican ticket, it may focus the president's base. that said, i think a much bigger problem is not the tardiness of him saying that but the tardiness still of focusing on jobs. the unem
you say in your piece he lost the battle over elizabeth warren long before this year. >> he did. a lot of these fights should have been had before the so-called shellacking of the midterms. i'm hardly the first to say this. there's been this tardiness, this slow response in terms of being pro active about things, whether it be elizabeth warren or jobs or many other things that we could list. >> is that why the lesson he was trying to teach in that politics of governing seminar comes...
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but it was elizabeth warren who was, in essence, the founding mother of the agency to help consumers get straight talk from banks and d edit agencies. she was passed over for the top job. what happened? what's next for her? abc's jake tapper now. >> reporter: he didn't nominate her to run the brand-new consumer protection bureau but the president today made sure to give credit to harvard law professor elizabeth warren who came up with the idea for the agency and, since september, has been setting it up. >> let's face it, she's done it while facing some very tough opposition and drawing a fair amount of heat. >> reporter: so much heat, republicans threatened to block her nomination. on her way out the proverbial door, warren told us today that the bureau is on its way to making credit card and mortgage companies simplify their contracts and setting up a national consumer complaint hotline. >> nobody's responsible to the american consumer. nobody's looking out for american families. we started that. we're under way. >> reporter: you're the one who came up with the idea in this journal
but it was elizabeth warren who was, in essence, the founding mother of the agency to help consumers get straight talk from banks and d edit agencies. she was passed over for the top job. what happened? what's next for her? abc's jake tapper now. >> reporter: he didn't nominate her to run the brand-new consumer protection bureau but the president today made sure to give credit to harvard law professor elizabeth warren who came up with the idea for the agency and, since september, has been...
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. >> ahead, no elizabeth warren. and still not enough. be happy until wallace street runs wild again. congressman mcdermott won't let it happen. that's next. [ male announcer ] introducing the ultimate business phone -- the motorola expert from sprint. its powerful tools help you work faster and smarter so you can get back to playing "angry birds." it lets you access business forms on the go, fire off e-mails with the qwerty keypad, and work securely around the world so you can get back to playing "angry birds." it's the android-powered phone that mixes business with pleasure. so let's get our work done, america, so we can all get back to playing "angry birds." the motorola expert from sprint. trouble hearing on the phone? visit sprintrelay.com. time to mix it up with new philly cooking creme. it'll make your chicken creamier, dreamier, with lots of flavor. spread the love in four fabulous flavors. spoon in a little new philly cooking creme. >>> today president obama picked four former ohio attorney general richard to head the consumer fi
. >> ahead, no elizabeth warren. and still not enough. be happy until wallace street runs wild again. congressman mcdermott won't let it happen. that's next. [ male announcer ] introducing the ultimate business phone -- the motorola expert from sprint. its powerful tools help you work faster and smarter so you can get back to playing "angry birds." it lets you access business forms on the go, fire off e-mails with the qwerty keypad, and work securely around the world so you can...
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operating and a week and it still doesn't even have a leader because republicans are blocking elizabeth warren's nomination and why would i sign as friends on the senate side to block her nomination well i don't know maybe because warren's role at the bureau would be to inspect the books of the nation's biggest banks and wall street with the washington d.c. establishment on their side they definitely don't want anyone looking at those books so i just wonder what would they find if they did it now think progress pointed out today there are far more consumers out there than there are banks so i wonder when republicans are finally to wake up start caring about the consumer probably never since wall street just happens to run washington d.c. but that's why we're giving republican congressman darrell i said tonight's tool time award. ok it's time for a happy hour on this evening and joining me tonight as are two producer jenny churchill and alex sites wall reporter and blogger for think progress dot org ok guys it's campaign season in there and one of the things i love about campaign season is when p
operating and a week and it still doesn't even have a leader because republicans are blocking elizabeth warren's nomination and why would i sign as friends on the senate side to block her nomination well i don't know maybe because warren's role at the bureau would be to inspect the books of the nation's biggest banks and wall street with the washington d.c. establishment on their side they definitely don't want anyone looking at those books so i just wonder what would they find if they did it...
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Jul 18, 2011
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we know the name elizabeth warren has been out there quite a bit to potentially run this agency butsu elon, i guess star us off by explaining why not elizabeth warren at the end of the line here for this consumer bureau? >> guest: well, i think we're finding this story it's about who obama is planning to name and who he isn't planning to name and that is elizabeth warren a popular speaker among proves and she is very outspoken on tricks and traps of the financial industry. and because of her strong rhetoric on this issue, that has made her very popular among liberals and progressives but it has also made her sort of anathema to the industry that she would be regulating. and there was a real concern elizabeth warren from the very binge beginning would not be confirmed from the beginning. and cordray that obama is going name. republicans have vowed to block anyone that obama puts up and we'll see -- right now we'll see whether or not they awere able stick to that pledge. >> host: well, prior to any blockage on the gop side explain who this new face is at least at our table richard cordr
we know the name elizabeth warren has been out there quite a bit to potentially run this agency butsu elon, i guess star us off by explaining why not elizabeth warren at the end of the line here for this consumer bureau? >> guest: well, i think we're finding this story it's about who obama is planning to name and who he isn't planning to name and that is elizabeth warren a popular speaker among proves and she is very outspoken on tricks and traps of the financial industry. and because of...
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elizabeth warren head of the agency that someone was nominated.cy. they think it's way, way too powerful. then we have a really good debate between a very liberal democrat, conservative republican, key members of the house on what to do about this debt ceiling. i think there's going to be movement this week. finally, i don't know if you go to the ccnn.com/situation room blog, do you ever go there. brooke? are you paying attention. >> my microphone was not open. i was asking you, do you ever go to my blog. >> i do. do you ever go to mine? >> of course. so let me tell you, go to the blog today. i've got a really good little bog about the $33 billion in libyan assets that the united states government has frozen now that the u.s. has recognized the rebels as the governing authority of libya. they'll by arms, they'll buy spare parts, whatever they want. the u.s. taxpayer already expects about a billion dollars helping to liberate the libyans from gadhafi. should we deduct/1 billion from the $33 billion before we hand over those frozen assets to the lib
elizabeth warren head of the agency that someone was nominated.cy. they think it's way, way too powerful. then we have a really good debate between a very liberal democrat, conservative republican, key members of the house on what to do about this debt ceiling. i think there's going to be movement this week. finally, i don't know if you go to the ccnn.com/situation room blog, do you ever go there. brooke? are you paying attention. >> my microphone was not open. i was asking you, do you...
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Jul 21, 2011
07/11
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as to elizabeth warren, yes. that's what she originally proposed and i decided and others on our side decided this would be more effective. we thought after listening that the five-member commission wouldn't work as well, particularly with the senate refusing to confirm. mr. bachus: that's right. mr. frank: we listened -- mr. bachus: what the gentleman said is yes. that's what elizabeth war roan proposed. and then he says, yes, that's what i introduced. but then he said, but i decided at some point that we would rather have an unaccountable czar. because we -- mr. frank: would the gentleman yield? mr. bachus: the second thing -- mr. frank: point the order, mr. speaker. point of order, mr. speaker. the speaker pro tempore: the gentleman from alabama suspends. state your point of order the gentleman from massachusetts. mr. frank: the gentleman just simply misstated plainly what i said. said i want a single accountable czar. he was not quoting me. the speaker pro tempore: will the gentleman state his point of order.
as to elizabeth warren, yes. that's what she originally proposed and i decided and others on our side decided this would be more effective. we thought after listening that the five-member commission wouldn't work as well, particularly with the senate refusing to confirm. mr. bachus: that's right. mr. frank: we listened -- mr. bachus: what the gentleman said is yes. that's what elizabeth war roan proposed. and then he says, yes, that's what i introduced. but then he said, but i decided at some...
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Jul 18, 2011
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elizabeth warren basically created the job. why is the president giving it to someone else?ine she can't get confirmed. they don't have the votes for her. it would have been a battle with the senate and the business community. there are two concerns. in an election year and is that a good way to start a new bureau? no. why not take the path of less resistance? >> why are folks in the financial services industry so opposed to warren? >> well, from their perspective they would say she's predisposed to seeing bankers and mortgage lenders as the bad guys. she says she wants to protect consumers from what she calls tricks, traps and predatory lenders. they say she's crushing innovation. they often just say they don't like her. >> she has a very accomplished resumÉ. what's in her future, jessica? >> it's interesting. she's not saying. there is wide speculation that she could go back thomas mass where she's been a professor at harvard university and has lived for years and run as a democrat against senator scott brown. it's a blue state where democrats feel they have a chance of wi
elizabeth warren basically created the job. why is the president giving it to someone else?ine she can't get confirmed. they don't have the votes for her. it would have been a battle with the senate and the business community. there are two concerns. in an election year and is that a good way to start a new bureau? no. why not take the path of less resistance? >> why are folks in the financial services industry so opposed to warren? >> well, from their perspective they would say...
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Jul 19, 2011
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president obama bypassed elizabeth warren to nominate richard cordray today to head the new consumertection agency. correspondent shannon bream look at the republican opposition to the pick, the agency itself and how it could impact the 2012 race. >> i am happy about this. this is a moment for celebration. >> for more than a year, elizabeth warren fought to get the new consumer financial protection bureau part of the dodd-frank regulatory law up and running, but today president obama nominated former ohio attorney general richard cordray to lead the bureau as the first director. warren said she recruited cordray and stands with those calling for quick confirmation. >> we believe richard cordray is the right person. president believes he is. the record is exemp rarely. the record in ohio is impressive. he is the right person for job. >> the backlash from some g.o.p. senators was swift. not directed at cordray. instead they renew objection to the new agency itself. shelby said, "until president obama addresses our concerns by supporting reasonable structural changes we will not confirm
president obama bypassed elizabeth warren to nominate richard cordray today to head the new consumertection agency. correspondent shannon bream look at the republican opposition to the pick, the agency itself and how it could impact the 2012 race. >> i am happy about this. this is a moment for celebration. >> for more than a year, elizabeth warren fought to get the new consumer financial protection bureau part of the dodd-frank regulatory law up and running, but today president...
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elizabeth warren, the consumer protection bureau, never fought for it, so he's sort of been to passivecloud that hangs over the country and has the affect of making the unemployment situation politically worse too because it's not clear he's on the side of the people who suffered most over the last three or four years. >> on those personnel and individual issues, on prosecutions, on the issue of elizabeth warren, do you think those things would have an important symbolic affect or do you think they'd have a material affect in terms of the recovery? >> in terms of the recovery, a symbolic effect of the the fact is i feel because he didn't address this and address this real injustice in the country, it sort of makes him be linked to wall street as sort of a defender of wall street even though he probably isn't in real life, once made his famous fat cats remarks, then retreated from it, but at the same time he never really had a big concerted jobs program beyond the original too small stimulus, he sort of segued from the stimulus to health care and now to incredibly, as you've been talkin
elizabeth warren, the consumer protection bureau, never fought for it, so he's sort of been to passivecloud that hangs over the country and has the affect of making the unemployment situation politically worse too because it's not clear he's on the side of the people who suffered most over the last three or four years. >> on those personnel and individual issues, on prosecutions, on the issue of elizabeth warren, do you think those things would have an important symbolic affect or do you...
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obama failed to fight for a elizabeth warren or appoint her in the consumer protection agency. the third thing that is unfortunate is his record on jobs, while hardly worth less, and the stimulus save several million jobs, has never been the full focus of this administration. the image of favoring big corporate status quo and wall street even though in his heart of hearts, that is not what he believes. tavis: that may be a enough of an albatross to make sure that he does not get reelected. the first two well, he did not control. was all about law enforcement. the second was about congress, not necessarily the white house. it is the third one that could mess him up. he gets on the campaign trail, he can s u responsibility for the first two, can he not? >> the law enforcement part of that has been under his watch. it has and a lax effort. they have not been aggressive. but that's what the obama mentality of let's turn the page on tour -- if fits with the obama mentality of let's turn the page on torture. the dodd-frank, that is a shared responsibility. i wish the obama administra
obama failed to fight for a elizabeth warren or appoint her in the consumer protection agency. the third thing that is unfortunate is his record on jobs, while hardly worth less, and the stimulus save several million jobs, has never been the full focus of this administration. the image of favoring big corporate status quo and wall street even though in his heart of hearts, that is not what he believes. tavis: that may be a enough of an albatross to make sure that he does not get reelected. the...
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Jul 19, 2011
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elizabeth warren, she really put this agency together. why not her?good question, a very fair question. i think president obama didn't want to fight on those grounds, and, of course, professor warren can go on, run for the u.s. senate in massachusetts in 2012. >> he sounded very determined, david, but he really don't have the votes to get cordery confirmed. >> all 44 republicans are holding together as having anyone confirmed as director. may be room for a deal. other deals being talked about in washington in these weeks. and this may be part of it. >> 44 of them, you mentioned them. they sent a letter to the president saying they won't approve anyone or anything until the agency is restructured. what do they want? is this about control, about appropriation of money? what is it about? >> probably about having a board rather than a single director. having five people on a board, the sort of structure for the ftc or fdic some of there is some republican representation. senator richard shelby, senior republican on the banking committee, says relatively s
elizabeth warren, she really put this agency together. why not her?good question, a very fair question. i think president obama didn't want to fight on those grounds, and, of course, professor warren can go on, run for the u.s. senate in massachusetts in 2012. >> he sounded very determined, david, but he really don't have the votes to get cordery confirmed. >> all 44 republicans are holding together as having anyone confirmed as director. may be room for a deal. other deals being...
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elizabeth warren has scared wall street because -- >> chrystia, you're scaring me because you're eatingme. terry, thanks for joining us. we'll be back in a moment. wendi murdoch coming to her husband's defense as a protester assaults him. but will news corp. get more than just a slap on the wrist? we'll look at that next. be kind to your eyes with transitions lenses. transitions adapt to changing light so you see your whole day comfortably and conveniently while protecting your eyes from the sun. ask your eyecare professional which transitions lenses are right for you. ask your eyecare professional for your transitions certificate of authenticity for your chance to win instant monthly prizes or our $20,000 grand prize! the eagle flies at dawn. the monkey eats custard. price-line ne-go-ti-a-tor. so, you've been double crossed by other travel sites and now you want to try the real deal. yes, is it true that name your own price... ...got even easier? affirmative. we'll show you other people's winning hotel bids. so i'll know how much to bid... ...and save up to 60% i'm in i know the lady i
elizabeth warren has scared wall street because -- >> chrystia, you're scaring me because you're eatingme. terry, thanks for joining us. we'll be back in a moment. wendi murdoch coming to her husband's defense as a protester assaults him. but will news corp. get more than just a slap on the wrist? we'll look at that next. be kind to your eyes with transitions lenses. transitions adapt to changing light so you see your whole day comfortably and conveniently while protecting your eyes from...
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Jul 21, 2011
07/11
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elizabeth warren is the president's advisor and said today that the agency will start out tackling only problems dealing with credit cards. >> we're working and trying to get actual resolution for people who have problems with credit card companies. we're going to get that one right and we'll move on to other products going through. >> you can file a complaint online or by phone. information you need will be available tomorrow at the bureau's web site. i've posted a link to that at abc 7 news.com. >> if you take your dog for a ride in the car, do you start petting it? if so, you're not alone. a survey by triple a finds 52% of the dog owners admit they pet dogs while dlifg. some hold dogs in laps and feed them. 3% admit to taking pictures. triple a warns this is not a good idea. you might imagine, this could cause a crash. all of a sudden talking on a cell phone doesn't seem that bad. please! put the dog away. >> and some dogs are hanging out of the window on the driver's side. >> i pet my dog and text while driving. >> thank you very much. >> me too. >> and a doctor's group issued new g
elizabeth warren is the president's advisor and said today that the agency will start out tackling only problems dealing with credit cards. >> we're working and trying to get actual resolution for people who have problems with credit card companies. we're going to get that one right and we'll move on to other products going through. >> you can file a complaint online or by phone. information you need will be available tomorrow at the bureau's web site. i've posted a link to that at...