Barney Frank Rips Romney Over Opposition To Financial Regs
Republicans are calling for the repeal of financial regulations passed by Congress and signed by the President during the height of the financial crisis. G-O-P Presidential Candidate Mitt Romney wants to do away with the “Frank-Dodd” bill, legislation that regulates financial institutions. During a conference call Friday arranged by the Democratic National Committee, Congressman Barney Frank took on the former Massachusetts Governor.
Romney’s campaign says the Frank-Dodd banking overhaul bill represents a quantum increase in the regulatory burden on the american economy. He wants to replace the bill with a more streamlined regulatory framework.