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Financial rescue architect concerned

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Play from 0:00[0:00] ..." Bill that we pass. Security treasury and the Federal Reserve told those children put of the credit market that has helped with the credit market for example I spoke to the triggerman accused him -- yesterday. Two weeks ago he couldn't sell. -- and he was wondering how to turn over those notes and make payments. The passage of the bill allowed him to do that so the bill did help. -- looked -- credit market in the construction jobs and cut down people still selling cars but the loss of confidence -- at the the stock market is. Obviously terrible and its impact on people. And it's a real problem with that the voice of confidence. You know quite"...

Play from 1:18[1:18] ..." particularly clear though it. These these Europe total deregulation. Of letting the capital markets decide for itself what's best. That's could be ended and we get together this current crisis. But we also have to make sure we take steps they -- to put in rules that keep from happening again and apparel with Franklin Roosevelt new deal become clearer and clear. Frank emotional bond to the crisis but even establish new rules for the stock exchange from neutral funds we have a whole new set of financial activities. And there's been a big debate I've of one of"...

Play from 0:00[0:00]" Bill that we pass. Security treasury and the Federal Reserve told those children put of the credit market that has helped with the credit market for example I spoke to the triggerman accused him -- yesterday. Two weeks ago he couldn't sell. -- and he was wondering how to turn over those notes and make payments. The passage of the bill allowed him to do that so the bill did help. -- looked -- credit market in the construction jobs and cut down people still selling cars but the loss of confidence -- at the the stock market is. Obviously terrible and its impact on people. And it's a real problem with that the voice of confidence. You know quite how you get -- feeds on its childhood what you have are people. Paving the way that -- congressional but it infection because they're saying well he's been happy that bit but everybody else thinks so bad that I have to act that way. There is a -- protected treasury yesterday. As close to the state treasurer. And there is going to be an effort to would internationally to distinct. A few weeks ago when we were facing. Our troubles and trying to deal with them. The European for a kind of laughing at it since they don't you Americans now frankly they're contributing to the poem and what you have resisted. She recovered your what's particularly clear though it. These these Europe total deregulation. Of letting the capital markets decide for itself what's best. That's could be ended and we get together this current crisis. But we also have to make sure we take steps they -- to put in rules that keep from happening again and apparel with Franklin Roosevelt new deal become clearer and clear. Frank emotional bond to the crisis but even establish new rules for the stock exchange from neutral funds we have a whole new set of financial activities. And there's been a big debate I've of one of those single we need these new rules some of the more conservative people thing don't know but the market alone the government set up. I think it's now clear that it's time for us to do frankly -- right to vote for elected which is to save capitalism from itself."

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Financial rescue architect concerned

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10 Oct 2008

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WBZ's Karen Twomey speaks with Congressman Barney Frank.

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[0:00]..." Bill that we pass. Security treasury and the Federal Reserve told those children put of the credit market that has helped with the credit market for example I spoke to the triggerman accused him -- yesterday. Two weeks ago he couldn't sell. -- and he was wondering how to turn over those notes and make payments. The passage of the bill allowed him to do that so the bill did help. -- looked -- credit market in the construction jobs and cut down people still selling cars but the loss of confidence -- at the the stock market is. Obviously terrible and its impact on people. And it's a real problem with that the voice of confidence. You know quite "...

[1:18]..." particularly clear though it. These these Europe total deregulation. Of letting the capital markets decide for itself what's best. That's could be ended and we get together this current crisis. But we also have to make sure we take steps they -- to put in rules that keep from happening again and apparel with Franklin Roosevelt new deal become clearer and clear. Frank emotional bond to the crisis but even establish new rules for the stock exchange from neutral funds we have a whole new set of financial activities. And there's been a big debate I've of one of "...

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