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October 4, 2012

Kissing Up to Wall Street

 

Presidential candidate Romney’s crack in the debate last night about the financial reform law being a big kiss to Wall Street is false and misleading. 

As someone who knows how to give Wall Street big sloppy kisses, Mr. Romney also knows that FSOC designation of too big to fail banks would impose tough capital, liquidity, leverage and other requirements on Wall Street’s biggest banks.  That’s why Wall Street hates financial reform and is fighting it day and night. 

That’s also why Mr. Romney wants to repeal it, which would be the biggest, sloppiest kiss possible to Wall Street banks and a kick in the pants to the American taxpayer who are going to get stuck with the bill — again — for their recklessness if financial reform is repealed by Mr. Romney. 

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