Banks Quote by Mitt Romney
“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.”
About This Quote
Source Speech: 2012 Republican National Convention, Boston
Criticizes Dodd‑Frank as a boon for big banks, noting community bank closures and calling for repeal.
In simple terms: Calls Dodd‑Frank harmful to small banks.
Advocate for regulatory reform favoring small banks.
Themes
Mood
Type
When to use this quote
- bank lending
- community banking
- policy debates
Key Concepts
Questions to Reflect On
- What alternatives protect small banks?
- How to balance regulation and growth?
Regulation also protects consumers.