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.