A Quote by Richard Shelby

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

Quote Topics

Account Appropriateness Committee Correctly Current Did Dodd-Frank Examine Examining Expansive Fed Federal Federal Reserve Frank Greatly However New Post Powers Reach Regulatory Reserve Structure Structured Therefore Whether Will World

Quote Author

Richard Shelby
American - Politician
Born: May 6, 1934

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

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

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

The details of what the Fed did were kept secret until a provision in the Dodd-Frank Act that I sponsored required the Government Accountability Office to audit the Fed's lending programs during the financial crisis.

Bernie Sanders

Dodd-Frank represents the greatest regulatory burden on our economy, more so than all the other Obama-era regulations combined.

Jeb Hensarling

The reality is that what we did in 2010 with the Dodd-Frank wasn't enough.

Joseph Stiglitz

If you ever had the misfortune of reading all 2,000 pages of Dodd-Frank, which I have done - and it almost killed me - basically, all it does is create a list of all the things it wants the Fed to fix.

Steve Eisman

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

There are parts [in Dodd-Frank] that I don't agree with. But, in total, it is what it is.

Jamie Dimon

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

Seth Moulton

There are elements of Dodd-Frank that clearly need to be curtailed.

James P. Gorman

Opacity on extreme levels is not addressed anywhere, including Dodd-Frank.

Paul Singer

I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank.

James P. Gorman

We could repeal Dodd-Frank. I think that would be a big help.

Phil Gingrey

Perhaps more to the point for TBTF (Too Big To Fail bank), if a SIFI (Systemically Important Financial Institution) does fail I have little doubt that private investors will in fact bear the losses-even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution

Jeremy C. Stein

New York City is the financial capital of the world. The Dodd-Frank Act, I think, is going to change that. It's going to send jobs to London and Geneva and Hong Kong and Sydney instead of keeping New York the financial center of the world.

Wendy Long

A Quote by Richard Shelby

Quote Topics

Quote Author

Related Quotes

Related Authors