Jack Reed: Consumer Bureau Needs Director To Stop Financial Abuse

Speaking out in support of Richard Cordray’s nomination as director of the Consumer Financial Protection Bureau at a news conference Wednesday, Sen. Jack Reed (D-R.I.) said the bureau is powerless to stop financial abuse and fraud without a confirmed bureau chief. (0:38)

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Jobs Bill Would Extend Beneficial Programs, Says Democrat Reed

During a press conference with reporters on Wednesday, Sen. Jack Reed (D-R.I) says it is imperative that the Senate passes its jobs bill as soon as possible. (:31)
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Sen. Reed Disappointed By GOP Efforts To Block Defense Vote

Sen. Jack Reed (D-R.I.) said Friday that he was disappointed by Republican efforts to put-off the health care reform bill by stalling the Defense appropriations bill. Reed explained to reporters that in the past when a defense appropriations bill came to the floor, the Senate generally tries to act swiftly to ensure resources are allocated to the military. (0:23)
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Sen. Reed: Credit derivatives market continues to grow exponentially

Chairman Jack Reed (D-R.I.) talks about the credit derivatives market and how it has continued to grow since its inception, not only in trading volume and total value outstanding contracts, but also in its potential risk. Reed says that this tremendous growth occurs in an environment of incidental regulation and an infrastructure that has not “kept pace” with trading volumes and product complexity. (0:46)
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