A Quote by Michael Burry

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.

Michael Burry

Quote Topics

After Amount Blame Bought Crisis Dodd-Frank Frank Good Guys Interests Legislation Major Named Reform Should Sold Special Special Interest Special Interests Them Two Two Guys

Quote Author

Michael Burry
American - Businessman
Born: June 19, 1971

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

I would drastically revise much of the Dodd-Frank financial-reform legislation, which I call the 'Bureaucrat Full Employment Act.'

Wendy Long

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.

Elizabeth Warren

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

The lobbyists, the special interests, the special pleaders, if you will, the super PACs the billionaires, these people are apoplectic about the rise of Trump. He can't be bought. He can bring sweeping conservative reform.

Roger Stone

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

I have and will continue to oppose any legislation that would undermine the important consumer protections provided under Dodd-Frank.

Seth Moulton

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.

Richard Shelby

Dodd-Frank has disproportionately burdened community banks, despite their having no role in the financial crisis.

Stephen A. Schwarzman

Offering 'comprehensive' reform usually means years of arguing and horse-trading among pressure groups to get anything done. By the time all the special interests are appeased or bought off, the resulting elephantine legislation typically looks nothing like what was intended. In short, big-government medicine usually doesn't work on big-government sickness. If President Obama wants 'comprehensive' change, it would be better simply not to spend any more money we don't have.

Victor Davis Hanson

We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a systemic risk.

Hillary Clinton

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

I have been working hard trying to implement Dodd-Frank reforms. We went through a terrible crisis in 2008. Many people lost their homes.

Maxine Waters

Dear Mr. Kuhn, After twelve years in the major leagues, I do not feel that I am a piece of property to be bought and sold irrespective of my wishes

Curt Flood

Food for all is a necessity. Food should not be a merchandise, to be bought and sold as jewels are bought and sold by those who have the money to buy. Food is a human necessity, like water and air, it should be available.