--- title: "Meaning & Key Takeaway of: Dodd-Frank was passed. ... This is the…" description: "\"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 bee..." image: "https://sms4smile.com/quotes/i/6e8/mitt-romney-268_banks_dodd-frank-was-passed-this-is-the-bigges_2865476.png" --- # Dodd-Frank was passed. ... This is the biggest kiss that's… ![“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.” quote by Mitt Romney](https://sms4smile.com/quotes/i/6e8/mitt-romney-268_banks_dodd-frank-was-passed-this-is-the-bigges_2865476.png) [Download](https://sms4smile.com/quotes/i/6e8/mitt-romney-268_banks_dodd-frank-was-passed-this-is-the-bigges_2865476.png) [Open image](https://sms4smile.com/quotes/i/6e8/mitt-romney-268_banks_dodd-frank-was-passed-this-is-the-bigges_2865476.png) > “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](https://sms4smile.com/quotes/author/mitt-romney/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. Key Takeaway Advocate for regulatory reform favoring small banks. Themes financial regulation banking industry policy criticism Mood critical political Type economic policy When to use this quote - bank lending - community banking - policy debates Key Concepts economics legislative impact Questions to Reflect On - What alternatives protect small banks? - How to balance regulation and growth? A Different Perspective Regulation also protects consumers. ★ ★ ★ ★ ★ No ratings yet [Banks](https://sms4smile.com/quotes/about/banks/) [Community](https://sms4smile.com/quotes/about/community/) [Kissing](https://sms4smile.com/quotes/about/kissing/) [New york](https://sms4smile.com/quotes/about/new-york/) ## Related quotes > [I avoid banks and I've never been in any sort of corporate environment at all.](https://sms4smile.com/quotes/jodie-whittaker/i-avoid-banks-and-i-ve-never-been-in-any-sort-of-corporate/) [Jodie Whittaker](https://sms4smile.com/quotes/author/jodie-whittaker/) > [I think Dodd-Frank has contributed to a concentration of banking assets in the hands of a small number of banks.](https://sms4smile.com/quotes/mitt-romney/i-think-dodd-frank-has-contributed-to-a-concentration-of-banking/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [The Cyprus Financial Crisis was a devastating blow to Cypriots and halted their banking system. Banks closed for two weeks to prevent a banking…](https://sms4smile.com/quotes/perianne-boring/the-cyprus-financial-crisis-was-a-devastating-blow-to-cypriots-and/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [I mean, Dodd-Frank is strangling small community banks. It doesn't make any difference what the interest rate is. They're not - they're not going…](https://sms4smile.com/quotes/rick-perry/i-mean-dodd-frank-is-strangling-small-community-banks-it-doesn-t-make/) [Rick Perry](https://sms4smile.com/quotes/author/rick-perry/) > [We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a…](https://sms4smile.com/quotes/hillary-clinton/we-now-have-power-under-the-dodd-frank-legislation-to-break-up-banks/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [Say good-bye to Dodd-Frank and all of the financial reforms and efforts to try to rein in Wall Street. Just say good-bye to it.…](https://sms4smile.com/quotes/elizabeth-warren/say-good-bye-to-dodd-frank-and-all-of-the-financial-reforms-and/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [The SEC got more than 100 rules to write under Dodd-Frank, the lion's share of all the agencies. And we've moved, I think, with…](https://sms4smile.com/quotes/mary-schapiro/the-sec-got-more-than-100-rules-to-write-under-dodd-frank-the-lion-s/) [Mary Schapiro](https://sms4smile.com/quotes/author/mary-schapiro/) > [The few effective provisions of Dodd-Frank are masked by its many flaws - flaws that have been and will continue to be detrimental to…](https://sms4smile.com/quotes/sam-graves/the-few-effective-provisions-of-dodd-frank-are-masked-by-its-many/) [Sam Graves](https://sms4smile.com/quotes/author/sam-graves/) > [ There are parts \[in Dodd-Frank\] that I don't agree with. But, in total, it is what it is. ](https://sms4smile.com/quotes/jamie-dimon/there-are-parts-in-dodd-frank-that-i-don-t-agree-with-but-in-total-it/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Giving people like Dodd and Frank more authority is like rewarding an arsonist with gasoline and matches.](https://sms4smile.com/quotes/daniel-j-mitchell/giving-people-like-dodd-and-frank-more-authority-is-like-rewarding-an/) [Daniel J. Mitchell](https://sms4smile.com/quotes/author/daniel-j-mitchell/) > [Small businesses have suffered under the demands of Obamacare and community banks have scaled back lending due to stringent provisions of Dodd-Frank financial regulation.](https://sms4smile.com/quotes/anthony-scaramucci/small-businesses-have-suffered-under-the-demands-of-obamacare-and/) [Anthony Scaramucci](https://sms4smile.com/quotes/author/anthony-scaramucci/) > [ Otherwise, their only engagement I'm going to have with \[Donald Trump\] is fighting back against their attempts to undo Dodd-Frank, their attempts to destroy… ](https://sms4smile.com/quotes/michel-martin/otherwise-their-only-engagement-i-m-going-to-have-with-donald-trump/) [Michel Martin](https://sms4smile.com/quotes/author/michel-martin/) > [I have been working hard trying to implement Dodd-Frank reforms. We went through a terrible crisis in 2008. Many people lost their homes.](https://sms4smile.com/quotes/maxine-waters/i-have-been-working-hard-trying-to-implement-dodd-frank-reforms-we/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [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…](https://sms4smile.com/quotes/bernie-sanders/the-details-of-what-the-fed-did-were-kept-secret-until-a-provision-in/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [What do the Republicans say? Donald Trump? They say they're just going to roll back the Dodd-Frank regulations. They want to undermine the Consumer…](https://sms4smile.com/quotes/elizabeth-warren/what-do-the-republicans-say-donald-trump-they-say-they-re-just-going/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) ## More by Mitt Romney > [I look at what's happening around the world and I see Iran four years closer to a bomb. I see the Middle East with…](https://sms4smile.com/quotes/mitt-romney/i-look-at-what-s-happening-around-the-world-and-i-see-iran-four-years/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I would like to have campaign spending limits.](https://sms4smile.com/quotes/mitt-romney/i-would-like-to-have-campaign-spending-limits/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I believe in my Mormon faith, and I endeavor to live by it. My faith is the faith of my fathers - I will…](https://sms4smile.com/quotes/mitt-romney/i-believe-in-my-mormon-faith-and-i-endeavor-to-live-by-it-my-faith-is/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [America's military is second to none in the world. We're blessed with terrific soldiers, and extraordinary technology and intelligence. But the idea of a…](https://sms4smile.com/quotes/mitt-romney/america-s-military-is-second-to-none-in-the-world-we-re-blessed-with/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [And a special thank you to the citizens of Massachusetts: You are paying all the taxes, creating all the jobs, raising all the children.…](https://sms4smile.com/quotes/mitt-romney/and-a-special-thank-you-to-the-citizens-of-massachusetts-you-are/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [When I was elected governor of my state, I had a legislature 87 percent Democrat. It was not lost on me that to get…](https://sms4smile.com/quotes/mitt-romney/when-i-was-elected-governor-of-my-state-i-had-a-legislature-87/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I saw the young man over there with eggs Benedict, with hollandaise sauce. And I was going to suggest to you that you serve…](https://sms4smile.com/quotes/mitt-romney/i-saw-the-young-man-over-there-with-eggs-benedict-with-hollandaise/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I've been a hunter pretty much all my life.](https://sms4smile.com/quotes/mitt-romney/i-ve-been-a-hunter-pretty-much-all-my-life/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I think Mitt Romney has demonstrated repeatedly he has a penchant for - for secrecy, doesn't seem to have any interest in actually showing…](https://sms4smile.com/quotes/mitt-romney/i-think-mitt-romney-has-demonstrated-repeatedly-he-has-a-penchant-for/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [If I were to offer advice to any president of the United States, it would be this: do whatever you can do to keep…](https://sms4smile.com/quotes/mitt-romney/if-i-were-to-offer-advice-to-any-president-of-the-united-states-it/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [I was too important to go to Vietnam.](https://sms4smile.com/quotes/mitt-romney/i-was-too-important-to-go-to-vietnam/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [America has not dictated to other nations. We have freed other nations from dictators.](https://sms4smile.com/quotes/mitt-romney/america-has-not-dictated-to-other-nations-we-have-freed-other-nations/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [The right course is for the Palestinians and the Israelis to sit down at the table together. The Palestinians need to recognize that the…](https://sms4smile.com/quotes/mitt-romney/the-right-course-is-for-the-palestinians-and-the-israelis-to-sit-down/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [If I'm President of the United States, when I'm President of the United States, we will stand with Israel.](https://sms4smile.com/quotes/mitt-romney/if-i-m-president-of-the-united-states-when-i-m-president-of-the/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [President Obama instituted the most anti-growth, anti-investment, anti-jobs measures that we have seen in our lifetime. Now he called his agenda ambitious, I call…](https://sms4smile.com/quotes/mitt-romney/president-obama-instituted-the-most-anti-growth-anti-investment-anti/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) [Explore all 781 Mitt Romney quotes ](https://sms4smile.com/quotes/author/mitt-romney/) ## More Banks quotes > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) > [We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a…](https://sms4smile.com/quotes/hillary-clinton/we-now-have-power-under-the-dodd-frank-legislation-to-break-up-banks/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [“Ever notice how the same politicians who claim to be against trickle-down economics have no problem bailing out banks and other politically connected businesses?”](https://sms4smile.com/quotes/colin-m-mcgroarty/ever-notice-how-the-same-politicians-who-claim-to-be-against-trickle/) [Colin M. McGroarty](https://sms4smile.com/quotes/author/colin-m-mcgroarty/) > [My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the…](https://sms4smile.com/quotes/nassim-nicholas-taleb/my-nightmare-scenario-is-that-the-government-saves-citibank-once/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results…](https://sms4smile.com/quotes/charles-moore/the-rich-run-a-global-system-that-allows-them-to-accumulate-capital/) [Charles Moore](https://sms4smile.com/quotes/author/charles-moore/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long…](https://sms4smile.com/quotes/mario-monti/much-of-what-germany-and-france-have-done-in-the-rescue-of-greece-has/) [Mario Monti](https://sms4smile.com/quotes/author/mario-monti/) > [The world needs banking but it does not need banks.](https://sms4smile.com/quotes/bill-gates/the-world-needs-banking-but-it-does-not-need-banks/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [Banks are the temples of America. This is a holy war. Our economy is our religion.](https://sms4smile.com/quotes/giannina-braschi/banks-are-the-temples-of-america-this-is-a-holy-war-our-economy-is/) [Giannina Braschi](https://sms4smile.com/quotes/author/giannina-braschi/) > [In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit…](https://sms4smile.com/quotes/lloyd-dorfman/in-the-old-days-we-were-the-challenger-brand-competing-against-the/) [Lloyd Dorfman](https://sms4smile.com/quotes/author/lloyd-dorfman/) > [“The kind of data and the data-analytical perspective privy to banks is quite unique to banks.”](https://sms4smile.com/quotes/hendrith-vanlon-smith-jr-ceo-of-mayflower-plymouth/the-kind-of-data-and-the-data-analytical-perspective-privy-to-banks/) [Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth](https://sms4smile.com/quotes/author/hendrith-vanlon-smith-jr-ceo-of-mayflower-plymouth/) > [My father, Cecil Banks Mullis, and mother, formerly Bernice Alberta Barker, grew up in rural North Carolina in the foothills of the Blue Ridge…](https://sms4smile.com/quotes/kary-mullis/my-father-cecil-banks-mullis-and-mother-formerly-bernice-alberta/) [Kary Mullis](https://sms4smile.com/quotes/author/kary-mullis/) > [If your only arbiter of anything is money, really you should... go and rob banks.](https://sms4smile.com/quotes/bruce-dickinson/if-your-only-arbiter-of-anything-is-money-really-you-should-go-and/) [Bruce Dickinson](https://sms4smile.com/quotes/author/bruce-dickinson/) > [No paper trail means no banks. And no banks means cash houses. -Mia](https://sms4smile.com/quotes/fast-five/no-paper-trail-means-no-banks-and-no-banks-means-cash-houses-mia/) Fast Five > [I did something that challenged the banking world. Conventional banks look for the rich; we look for the absolutely poor. All people are entrepreneurs,…](https://sms4smile.com/quotes/muhammad-yunus/i-did-something-that-challenged-the-banking-world-conventional-banks/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) [Browse all 387 Banks quotes ](https://sms4smile.com/quotes/about/banks/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "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. ... 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