A Quote by Bob Beckel

In the 1990s, the Democratic Party began to cozy up to their long-time enemies: Wall Street Bankers. They took their money and relaxed their regulations until the Great Recession forced the Democrats via Dodd-Frank to re-regulate the banks.

Bob Beckel

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Bankers Banks Began Cozy Democratic Democratic Party Democrats Dodd-Frank Enemies Forced Frank Great Great Recession Long Money Party Recession Regulate Regulations Relaxed Street Time Took Until Up Via Wall Wall Street

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Bob Beckel
American - Journalist
Born: November 15, 1948

Created by Congress as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB was a direct response to the financial crisis and ensuing Great Recession that began with the subprime mortgage debacle and the unraveling of Lehman Brothers investment bank.

Joe Sestak

Dodd-Frank was passed. ... This is the biggest kiss that's been given to New York banks I've ever seen. This is an enormous boon for them. There've been 122 community and small banks have closed since Dodd- Frank. ... I would repeal and replace it.

Mitt Romney

When Occupy Wall Street happened, I took my money out of Citibank. I already had problems with all the banks - Citibank, Bank of America - but I was kind of just too lazy to take my money out until I saw how Citibank responded to Occupy Wall Street.

Talib Kweli

Fannie Mae and Freddie Mac - two bloated and corrupt government-sponsored programs - contributed heavily to the crisis.In order to prevent another crisis, we need to do what we should have done years ago - reform Fannie Mae and Freddie Mac. We also need to repeal Dodd-Frank, the Democrats' failed solution. Under Dodd-Frank, 10 banks too big to fail have become five banks too big to fail. Thousands of community banks have gone out of business.

Carly Fiorina

Wall Street's biggest fight with Obama was over the Dodd-Frank Wall Street Reform and Consumer Protection Act, which Obama signed into law in the summer of 2010.

Andrew Ross Sorkin

I think changing the Democratic Party platform [at the convention] is a great place to start. It should include expanding Social Security, a $15 minimum wage, and breaking up too-big-to-fail banks on Wall Street - among other Sanders priorities.

Ben Wikler

Well, you have to remember that until 1948, when Hubert Humphrey and others forced the Democratic Party to adopt a new policy on civil rights, the Democratic Party was the party of the old solid South. All of the racists, all of the Cottonhead Smith types and so on were Democrats, allies of Franklin Roosevelt - because of their seniority - of all the major committees of the Congress.

William A. Rusher

Bernie Sanders says that the biggest banks that dominate the economy should be broken up into smaller banks. This would be far more radical than Hillary Clinton's proposals to regulate Wall Street.

Kshama Sawant

I have been an organizer and then activist and a legislator, all of that. But then there's this big gap after I advanced in Congress and ended up as the ranking member of financial services committee. It took me into the financial services issues and Wall Street and Dodd Frank. And it took me away from the things that I did years ago.

Maxine Waters

We have a Democratic Party that cannot defend the American people from the worst Republican Party in history because it's a Democratic Party of war and Wall Street.

Ralph Nader

There are party leaders, big corporation, Wall Street. There are very wealthy individuals who kind of represent where the Democratic Party, the official Democratic Party was and to some extent still is.

Robert Reich

Say good-bye to Dodd-Frank and all of the financial reforms and efforts to try to rein in Wall Street. Just say good-bye to it. That means we can go where Wall Street gets to call the shots again. We saw how that worked out in 2008.

Elizabeth Warren

Dodd-Frank is 2,000 pages long. It covers thousands of rules, regulations, interpretations and things like that.

Jamie Dimon

The number one problem with Dodd-Frank is it's way too complicated, and it cuts back lending, so we want to strip back parts of Dodd-Frank that prevent banks from lending, and that will be the number one priority on the regulatory side.

Steve Mnuchin

We will reverse course on the heavy hand of regulation, discarding Dodd-Frank and any other regulations that advance a political agenda at the expense of jobs and investment on Main Street.

Rick Perry

After Dodd-Frank, the big banks were bigger. The small banks are fewer.

Jeb Hensarling

A Quote by Bob Beckel

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