A Quote by Elizabeth Warren
There's a lot of talk coming from Citigroup about how Dodd-Frank isn't perfect. Let me say this to anyone who is listening at Citi: I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces.
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Dodd-Frank greatly expanded the regulatory reach of the Federal Reserve. It did not, however, examine whether it was correctly structured to account for these new and expansive powers. Therefore, the Committee will be examining the appropriateness of the Fed's current structure in a post Dodd-Frank world.
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.
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.
There are parts [in Dodd-Frank] that I don't agree with. But, in total, it is what it is.
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.
I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank.
There are elements of Dodd-Frank that clearly need to be curtailed.
The reality is that what we did in 2010 with the Dodd-Frank wasn't enough.
What do the Republicans say? Donald Trump? They say they're just going to roll back the Dodd-Frank regulations. They want to undermine the Consumer Financial Protection Bureau.
Opacity on extreme levels is not addressed anywhere, including Dodd-Frank.
We could repeal Dodd-Frank. I think that would be a big help.
The major reform legislation, Dodd-Frank, was named after two guys bought and sold by special interests, and one of them should be shouldering a good amount of blame for the crisis.
Dodd-Frank has disproportionately burdened community banks, despite their having no role in the financial crisis.
I think Dodd-Frank has contributed to a concentration of banking assets in the hands of a small number of banks.
Dodd-Frank is 2,000 pages long. It covers thousands of rules, regulations, interpretations and things like that.
Hillary Clinton has promised to build on President [Barack] Obama's policies. That means build on Obamacare, build on Dodd-Frank, build on the regulations coming out of the EPA. If that's the case, that will not be good for the economy.
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