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Rolling back Wall Street reform, as Mitt Romney proposes, would be reckless.
The law promotes transparency, limits the types of risky investments that can be made with deposits insured by federal taxpayers, and prevents investment losses at one bank from threatening the whole financial system.
Returning to the failed policy of letting Wall Street write their own rules would put all of us at greater risk of another financial crisis and leave us vulnerable to another taxpayer-funded bank bailout like the one shortly before President Obama took office.
http://tpmdc.talkingpointsmemo.com/2012/05/obama-romney-jp-morgan-dodd-frank-volcker.php?ref=fpblg
The law promotes transparency, limits the types of risky investments that can be made with deposits insured by federal taxpayers, and prevents investment losses at one bank from threatening the whole financial system.
Returning to the failed policy of letting Wall Street write their own rules would put all of us at greater risk of another financial crisis and leave us vulnerable to another taxpayer-funded bank bailout like the one shortly before President Obama took office.
http://tpmdc.talkingpointsmemo.com/2012/05/obama-romney-jp-morgan-dodd-frank-volcker.php?ref=fpblg
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