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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIrony Alert: GOP contenders take turns bashing Wall Street
Republican presidential candidates are increasingly adopting anti-Wall Street rhetoric, as they assail Democrats tactics to rein in big banks and appeal to voters distrust of the financial sector.
In recent weeks, former Texas Gov. Rick Perry declared he is "fed up" with Wall Street's antics, Sen. Ted Cruz (R-Texas) slammed Goldman Sachs and Ohio Gov. John Kasich derided the banking industry as rife with greed.
The fiery language comes as the landmark 2010 Dodd-Frank financial reform law nears its fifth anniversary next month. The Democrat-backed statute, Congresss response to the 2008 economic crisis, put into place hundreds of new regulations, including new designations for systemically important financial institutions.
"We have more banks with more concentrated assets in the United States, and the systematic risk is perhaps greater now than it was when the law was signed," former Florida Gov. Jeb Bush (R) told reporters this month.
http://thehill.com/policy/finance/244859-gop-contenders-take-turns-bashing-wall-street
think
(11,641 posts)magical thyme
(14,881 posts)leftofcool
(19,460 posts)magical thyme
(14,881 posts)Bernie owns the anti-wall street message -- he inherited it from OWS and Elizabeth.
leftofcool
(19,460 posts)magical thyme
(14,881 posts)I do remember from my teaparty-nutcase sister's rants that taxes and government featured heavily. She never brought up wall street.
The bottom line is the anti-wall street message resonates across many ideologies because pretty much everybody knows that we were effed over bigtime, and continue to be effed over bigtime, by wall street.
One is either among their beneficiaries, or hates their effing guts. There is no middle there.
The GOP is picking up the anti-wall street rhetoric because it resonates, and not just with the tea party.
leftofcool
(19,460 posts)jwirr
(39,215 posts)think
(11,641 posts)And of course none of these billionaires expect ANYONE from the GOP to put forth legislation & actually do something. They'll see to that....
jwirr
(39,215 posts)The most do nothing congress in the history of the USA.