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Romney: GOP has 'misspoken' on regulation (looks like Mitt needs a diversion)
Romney: GOP has 'misspoken' on regulation
Posted by
CNN's Ashley Killough
(CNN) – Speaking on foreign turf, Mitt Romney offered some criticism of his own party on Thursday, saying the GOP sometimes uses the wrong phrasing when it comes to regulation reform.
"We have in our party, I think, on occasion misspoken by just saying we're for deregulation–to some that means we want to get rid of all regulation. That's not true," Romney said at a fundraiser in London, according to pool reports.
<...>
He then reiterated his opposition to the so-called Dodd-Frank bill, also known as the financial reform bill signed into law by President Barack Obama in 2010. The bill was designed to reign in risky practices and prevent another Wall Street meltdown similar to the one that occurred in 2008.
<...>
He emphasized a need for "greater transparency in the trading of derivatives" and "capital requirements for banking institutions so that people don't go out and leverage themselves to the point where any small hiccup could cause the entire institution to fail."
- more -
http://politicalticker.blogs.cnn.com/2012/07/26/romney-gop-has-misspoken-on-regulation/
Posted by
CNN's Ashley Killough
(CNN) – Speaking on foreign turf, Mitt Romney offered some criticism of his own party on Thursday, saying the GOP sometimes uses the wrong phrasing when it comes to regulation reform.
"We have in our party, I think, on occasion misspoken by just saying we're for deregulation–to some that means we want to get rid of all regulation. That's not true," Romney said at a fundraiser in London, according to pool reports.
<...>
He then reiterated his opposition to the so-called Dodd-Frank bill, also known as the financial reform bill signed into law by President Barack Obama in 2010. The bill was designed to reign in risky practices and prevent another Wall Street meltdown similar to the one that occurred in 2008.
<...>
He emphasized a need for "greater transparency in the trading of derivatives" and "capital requirements for banking institutions so that people don't go out and leverage themselves to the point where any small hiccup could cause the entire institution to fail."
- more -
http://politicalticker.blogs.cnn.com/2012/07/26/romney-gop-has-misspoken-on-regulation/
Speaking of "greater transparency," where are your tax returns, Mitt?
London Fund-Raisers Put Romney in a Scandal’s Glare
http://www.democraticunderground.com/1002982711
"Did you know that Romney had a serious stake in the CDO-Derivatives game?"
http://www.democraticunderground.com/1002999369
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
Off message. Not towing the line. Loose cannon alert 
