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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Congressman Slams Plans For Regulatory Agency As "Orwellian"

Rep. Jeb Hensarling (R-Texas) harshly criticizes the proposal to create a Consumer Financial Protection Agency, calling it "one of the greatest assaults on economic liberty in my lifetime." He says that the agency would reduce choices for Americans and will essentially be "Orwellian". (1:12)
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Finance Expert Says Regulatory Reform Is Needed, But Opposes New Agency

Steve Bartlett, the president and CEO of the Financial Services Roundtable, says that regulatory reform is necessary and consumer protection is needed. However, he opposes the creation of a Consumer Financial Protection Agency. Bartlett recommends strong national consumer protection standards instead. (0:42)
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Congressional Amnesia

Harvey Pitt, CEO of Kalorama Partners, LLC says that democrats in Congress are opposing a regulatory reform that is similar to a democratic proposal from the 1990s. (0:31)
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