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Subject:  banks Date:  10/9/2012  9:41 AM
Author:  Jeanwa Number:  1822415 of 2237688

Romney in the debate said:

Dodd-Frank was passed. And it includes within it a number of provisions that I think has some unintended consequences that are harmful to the economy. One is it designates a number of banks as too big to fail, and they're effectively guaranteed by the federal government. This is the biggest kiss that's been given to -- 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.

So there's one example

He goes on further to say that it is hurting small banks.

Two questions"

How is it hurting small banks?

His plan is to repeal and replace...but replace it with what?

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