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Published: Wed, 11 Nov 2009
Description: Chris Dodd simply can't answer some questions
Automatically Generated Transcript (may not be 100% accurate)
" This is I want to listen -- Quentin -- was asking. The anchor was asking Chris Dodd. About whether or not how he's gonna deal with this regulatory reform one it will cost the consumer opt out will play the question. And then listen the question is very simple. And it's a very straightforward. And Chris Dodd gave him the biggest BS answer you over wanted to hear."
" As a result of your bill. Capital and regulatory costs for the big banks goes up. Are you prepared to watch the banks extract those costs from consumers in some other way. But this I would it would watch what happened with the credit cards to pay to see that the luck we've been through the worst crisis as you all know since the Great Depression. And a lot of what was it -- just recklessness that when. You hope to visit him. And so by setting capital standards liquidity standards while handing things like actually having the skin in the game when it comes to securitization. Of these radical ideas -- for some people but frankly in the absence of you get exactly what we got today blah so I'm very confident our financial system can lead the world. I don't wanna set up a system that's."
" There's a simple question you're gonna drive the cost of dough in banking. At these costs will be passed on of the consumer are you ready for that. -- to -- the good park here. Boat over to join a program 866859. You can close to answer nobody is the lot of six awards."
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