Republicans have sought to delay or dismantle key provisions of the 2010 Dodd-Frank law, calling it a prime example of this White House’s over-regulation of private markets. Romney has said he would repeal the law and replace the new regulations with a more streamlined approach.
House Republicans recently approved budget reductions that chisel away at certain elements of Dodd-Frank, and they have particularly targeted the funding needed to operate a new consumer protection bureau.
Obama is about as interested in regulating wall street as he is in defending civil liberties. But what choice does one have but to vote for him?
Romney is calling for Dodd-Frank to be rolled back - we go through the most dangerous financial crisis the world has ever seen, pass timid legislation that does the absolute minimum to prevent some of the regulatory arbitrage that led to that event, and two years later this guy is out there arguing that we gotta get rid of that legislation because its too much a burden?
If I thought he had a snowball's chance in hell of winning I would be very afraid. I don't.