Cruz says will target taxes, bank regulation if elected: CNBC interview
Source: reuters
WASHINGTON (Reuters) - Republican presidential candidate Ted Cruz said on Friday he would make lifting tax and regulatory burdens a priority if elected president and protect the small banks he said were being hurt by stricter bank regulations.
Cruz, who is running to become the party's 2016 nominee in the Nov. 8 presidential election, targeted the Dodd-Frank regulatory reform law as enabling the nation's large banks.
"The big banks have all gotten bigger," Cruz said in a CNBC interview.
Cruz has said he would not bail out big banks if they failed again, as the did during the 2007-8 financial crisis triggered by faulty mortgage lending practices.
"The people that have been hammered are the little guys," he said. "It's the community banks, it's the small financial institutions that are going out of business at a record pace."
The lawyers and lobbyist for giant banks were "in the room" with the Democratic senators who wrote Dodd-Frank because they could absorb the cost of that while the little banks could not, Cruz said.
Read more: https://www.yahoo.com/news/cruz-says-target-taxes-regulation-elected-president-cnbc-122917748--business.html?nhp=1
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We tried that? Remember? It didn't work then and it won't work now! Savvy?!!
Cruz is truly evil; Kasich is as bad but pretends to be more moderate. Trump is a horror.
