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RandySF

(58,884 posts)
Sun Jun 14, 2015, 02:30 PM Jun 2015

Irony 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, Congress’s 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

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magical thyme

(14,881 posts)
8. the tea party is known for Taxed Enough Already and anti-government.
Sun Jun 14, 2015, 03:02 PM
Jun 2015

Bernie owns the anti-wall street message -- he inherited it from OWS and Elizabeth.

 

magical thyme

(14,881 posts)
10. not interested in looking at them in detail, tyvm!
Sun Jun 14, 2015, 03:16 PM
Jun 2015

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.

 

think

(11,641 posts)
6. They understand empty rhetoric when they hear it. Heck, they probably helped write it.
Sun Jun 14, 2015, 02:56 PM
Jun 2015

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)
7. My thoughts to. I am not going to live to read the history of this Congress but I would love to.
Sun Jun 14, 2015, 02:58 PM
Jun 2015

The most do nothing congress in the history of the USA.

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