Wall Street Reform Quotes

Hillary Clinton and Donald Trump have deep ties to corporate money. They both have a detailed and complexed view of how some on Wall Street manipulate the game. They know where the excesses are and who is to blame. If willing to take on their friends, they both could reform Wall Street from the inside.

Since JPMorgan Chase announced its surprise $2 billion-and-growing trading loss, there have been renewed calls from economists, pundits, and politicians to reinstate the Glass-Steagall Act, a Depression-era law that prevented commercial banks from participating in investment banking activities.

I have been an organizer and then activist and a legislator, all of that. But then there's this big gap after I advanced in Congress and ended up as the ranking member of financial services committee. It took me into the financial services issues and Wall Street and Dodd Frank. And it took me away from the things that I did years ago.

I would drastically revise much of the Dodd-Frank financial-reform legislation, which I call the 'Bureaucrat Full Employment Act.'

If anything, one would think we learn from Brexit is we need a strong, stable banking system, not one to repeal the consumer bureau and repeal Dodd-Frank and give Wall Street what it wants. That would be the worst kind of response.

Every Republican's voted for it. Look at what they value and look at their budget and what they're proposing. Romney wants to let the - he said in the first 100 days he's going to let the big banks once again write their own rules - unchain Wall Street. They're gonna put y'all back in chains.

Over on the Democratic side, Martin O'Malley recently spoke about the need for Wall Street reform and said that he isn't running for president to be quote, 'wined and dined' by executives. Then Chris Christie said, 'And I am also not running to be wined.'

We could repeal Dodd-Frank. I think that would be a big help.

Elizabeth Warren has very good proposals regarding Wall Street, but she really has not been leading the charge for single-payer health care... and is pretty much a war hawk in alignment with Hillary Clinton.

Look at what I am proposing, and we [wih Bernie Sanders] have a vigorous agreement here. We both want to reign in the excesses of Wall Street. I also want to reign in the excesses of Johnson Controls that we bailed out when they were an autoparts company, and we saved the auto industry, and now they want to avoid paying taxes.

I'm not pro-Wall Street or anti-Wall Street. I'm pro-New York City.

You can look at what I did in the Senate. I did introduce legislation to rein in compensation. I looked at ways that the shareholders would have more control over what was going on in that arena. And specifically said to Wall Street, that what they were doing in the mortgage market was bringing our country down.

I have and will continue to oppose any legislation that would undermine the important consumer protections provided under Dodd-Frank.

Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years.

People do not want to be disillusioned by the new president [Barak Obama]. The liberals felt, finally, this is our time. Now they're worried. Now what they see is more business as usual. We all want to give him the benefit of the doubt, we know it's a tough job and he inherited a mess, but at the end of the day, is it really change we can believe in when there's no public options and Wall Street reform has no teeth in it? It really looks a lot like we just changed the color.

Dodd-Frank represents the greatest regulatory burden on our economy, more so than all the other Obama-era regulations combined.

I thought that ending Glass-Steagall was a mistake.

The financial services industry has seemed to treat the crisis like a little rainfall - inconvenient, but no significant changes needed. The real question moving forward is how the industry will respond to Wall Street reform and growing public anger.

Wall Street's biggest fight with Obama was over the Dodd-Frank Wall Street Reform and Consumer Protection Act, which Obama signed into law in the summer of 2010.

I've laid out my economic plans. I want to grow the economy. That's why I have plans for jobs and raising incomes. I do want to go after bad actors on and off Wall Street, because I think companies that take money from federal, state, and local governments and then pick up and move should have to pay that back.

There's a lot of talk coming from Citigroup about how Dodd-Frank isn't perfect. Let me say this to anyone who is listening at Citi: I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces.

Tea Party people know that I stood against the Wall Street scam from Day One, that I voted against TARP, that I voted against repealing Glass-Steagall Act that kept these guys under some control.

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.