job well aren't. >> today we welcome the testimony of richard cordray who was confirmed by the senate to serve as the cfpb first director on july 16 at this year prior to his service at the cfpb director cordray served the people of the state of ohio serving as its treasurer and solicitor general. without objection the directors written statement will be made part of the record after his remarks. welcome director cordray and you are now recognized for your oral presentation. >> thank you mr. chairman and members of the committee. thank you for. >> dr. corridor if you could pull the akrevoe and a little closer. >> thank you mr. chairman and ranking member waters and members of the committee thank you for inviting me to testify today about the third semiannual report of the consumer financial protection bureau. one of the worst financial crises since the great depression the consumer bureau is the nation's first federal agency whose sole focus is protecting consumers in the financial marketplace. we are dedicated to improving the lives of everyday americans and restoring trust in consum

let's talk about this other guy, richard cordray is another actor, the chairman of probably the most america, the consumer financial protection board. an agency that does not answer to congress for its budget. this guy just came out with the speech where he basically accuses banks of deception. i thought it was the consumers light when they applied to the banks. >> the problem as one government policies create crises, supercharged crises they mated okay to do sub prime loans. they need someone to blame. that's been the story line ever since 2008. it was not our fault. there is a very big political angle when it comes to lawsuits like the one you just outlined. ashley: you guys were bad, sent out bad loans, but then you saw the obama administration yesterday or the day before unveil a new plan and having the fha which requires only a three and a half percent down payment try to make it easier for people who defaulted on their mortgage to get a new one on a new on sale. >> this is dangerous because it is a repeat of what we saw post financial crisis -- pre financial crisis, i should sa

health care amendments are offered on the energy efficiency bill, and later, richard cordray come inahead of the consumer financial protection bureau, speaks before a house financial service committee. >> we continue to discuss this on her next "washington journal." bill kristol is talking to us about the divided within the republican party over u.s. military strikes. more about syria as well as funding the government and the attempts to repeal the health care law. our guest is ben bernanke. "washington journal" is live every day at 7:00 a.m. on c-span. >> it is something we discuss domestically and internationally. there are footprints that are left regarding the haters that the one that something is going to occur. one of the reasons that the changes need to be made is the posture has been made and continue to look at this and we need to move to continuous monitoring and after that we need to continually look at the precursor or the context that is being set for an attack. a lot of that has to do with analyzing social media. >> we are never going to it defeat the cyberenemy, whethe