Biden Slams Romney Over Dodd-Frank

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

WASHINGTON — It's official: Dodd-Frank is heating up the presidential campaign trail.

During a stop in Virginia on Wednesday, Vice President Joe Biden attacked Republican presidential candidate Mitt Romney for his opposition to Dodd-Frank. Although Romney has provided virtually no details about his financial services policy, he has said he would repeal Dodd-Frank and replace it with a "streamlined regulatory framework."

Biden seized on that position in a stop near Blacksburg.

"Let's take a look at what they value," Biden said. "Let's take a look at their budget. Let's take a look at what they're proposing. Romney says in the first 100 days, he wants to let the big banks write their own rules again. Get rid of Dodd-Frank."

While some may see Dodd-Frank as too wonky for a campaign speech, the crowd seemed to like the line, booing Romney. It should be noted, however, that although Romney definitely wants to repeal Dodd-Frank, he has said nothing about letting the "big banks write their own rules again."

JOIN THE DISCUSSION

SEE MORE IN

RELATED TAGS

Legal Bills Pile Up at Banks
Each quarter banks report their worst-case estimates of costs tied to lawsuits and regulatory probes. Some banks reported lower figures in recent quarters, but others are braced to spend more to resolve legacy issues. New legal threats loom, too.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.