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Consumer Protection Czar Analysis

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President Barack Obama has put a lot of power over the nation's credit markets into the hands of an old friend. 

Warren has been named the new so-called consumer protection czar and is
being touted as the answer to runaway Wall Street practices.

But some in Congress say they're being silenced.

Mark Calabria, Director of Financial Regulation Studies at the CATO
institute, and Carmen Balber who is the Washington Director Of Consumer
Watchdog, joined us with more.