Heather McGee Interviewed About Financial Reform and the Fed on CNBC

Heather McGhee, the Director of the Washington office of Demos and a member of Americans for Financial Reform, was interviewed on CNBC this morning about Senator Dodd’s financial reform proposal.  The segment below focuses on the proposed rule of the Federal Reserve in the new bill, and McGhee speaks about the conflict of interest that exists when lenders get to pick, and pay for, their own regulators.  McGhee speaks about 4 minutes into this clip.