Berner: "We Are The Connective Tissue" Meant To Address Economic Gaps

Richard Berner, Counselor to Treasury Secretary Tim Geithner, notes the importance of the new Office of Financial Research, which was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act and created to close financial gaps. (0:18)

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No More Taxpayer Funded Bailouts, Says Lawmaker

Senator Ben Cardin (D-Md.) says that the Wall Street Reform and Consumer Protection Act will ensure that taxpayers no longer contribute to the bail outs of companies who are “too big to fail.” (0:25)

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Regulations Imposed By Wall Street Reform Must Be Enforced, Says Lawmaker

Senator Jack Reed (D-R.I.) says that after Wall Street Reform and Cnsumer Protection Act is officially passed, it’s regulations need to be enforced. (0:26)

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Maryland Lawmakers Want Students To Learn Basics Of Finance

Talk Radio News Service Correspondent Geoff Holtzman spoke with Maryland State Comptroller Peter Franchot about a new bill in the state assembly that would require all high school students to pass a financial literacy course in order to graduate. Click the audio icon below to listen. (:23)
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Maryland May Require High School Students To Pass 'Finance 101'

Talk Radio News Service Correspondent Geoff Holtzman spoke with Maryland State Comptroller Peter Franchot about a new bill in the state assembly that would require all high school students to pass a course in financial literacy in order to graduate. Click the audio icon below to listen. (:25)
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Frank: We Need Financial Regulation That Benefits "Normal Humans"

Rep. Barney Frank says, “We need to regulate for normal human beings and that’s what we hope to do. We think it’s important for there to be both regulatory structures that provide focused responsibility for the right kind of regulation and the appointment of individuals to do it.” (0:30)
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The largest campaign finance law violation in history

Democratic National Committee General Counsel Joe Sandler says Sen. John McCain (R-Ariz.) could face a fine of tens of millions of dollars if found to be in violation of federal campaign finance laws. He also says this could be the largest financial violation of these laws in history (:30).
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DNC calls for an investigation of McCain

Democratic National Committee General Counsel Joe Sandler says that the appropriate course for determining whether Sen. John McCain (R-Ariz.) violated campaign finance laws by opting out of the matching funds program without filing a request with the Federal Election Commission (FEC) is to pursue an investigation, should there be sufficient evidence be found by the FEC to do so. If McCain is found to be in violation of the law, Sandler says the information should be made public before the election (:53).
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International trade specialist says its all about price

Vivian C. Jones, specialist of international trade and finance at the Congressional Research Service, says that public entities or government subsidies help to lower the prices of U.S. goods for consumers. Jones says it is fundamentally about price, especially since U.S. industries claim that imported goods are unfairly priced. Jones says that this makes the U.S. producers unable to compete internationally. (0:35)
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Secretary Spellings Addresses Chairman George Miller (D-CA) On Student Loans

Secretary of the Department of Education, Margaret Spellings, addresses Rep. George Miller (D-CA) at House Education and Labor Committee hearing on ensuring the availability of federal student loans. (0:37)
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