Dodd-Frank Quotes

We’ve sourced some of the most interesting and thought-provoking Dodd-Frank Quotes from Elizabeth Warren, James P. Gorman, Jeb Hensarling, Scott Garrett, Paul Singer. Each of the following quotes is overflowing with creativity, and knowledge.

There's a lot of talk coming from Citigroup about how D

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.
Elizabeth Warren
There are elements of Dodd-Frank that clearly need to be curtailed.
James P. Gorman
In many respects, you can argue Dodd-Frank isn’t even law. It’s a license for unaccountable, un-elected officials to make law.
Jeb Hensarling
Dodd-Frank is a direct cause of the economic struggles millions of Americans continue to face today. The law provides so much regulation that it is a burden on the economy.
Scott Garrett
A dramatic spending increase to fund the SEC and the CFTC, as envisioned by the authors of the Dodd-Frank legislation, would further the mindset that our nation’s problems can be solved with more spending, not more efficiency.
Scott Garrett
Opacity on extreme levels is not addressed anywhere, including Dodd-Frank.
Paul Singer
Democrats misinterpreted the mandate for change in 2008 as an ideological mandate to move the country sharply to the left. They rammed through policies like ObamaCare and Dodd-Frank with little, if any, bipartisan support.
Thom Tillis
We support too big to fail. We want the government to be able to take down a big bank like JP Morgan and it could be done. We think Dodd-Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.
Jamie Dimon
We will reverse course on the heavy hand of regulation, discarding Dodd-Frank and any other regulations that advance a political agenda at the expense of jobs and investment on Main Street.
Rick Perry
I am the candidate of tax cuts, repealing Obamacare, repealing Dodd-Frank, letting the markets work, coming up with patient-and-doctor-centered healthcare solutions instead of more big government – and just generally getting government off the backs of small businesses.
Wendy Long
Under the Dodd-Frank law, the SEC got the lion’s share of the rules to write, more than 100 rules, and we have done an extraordinary amount of that. Eighty percent have been either proposed or adopted. So, a lot, a lot accomplished but of course, more to do.
Mary Schapiro
The truth is that the banks that are really hurting under Dodd-Frank, really getting no relief, are the community banks.
John Fleming
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.
Sherrod Brown
The reality is that what we did in 2010 with the Dodd-Frank wasn’t enough.
Joseph Stiglitz
The basic architecture of Dodd-Frank makes sense. At the same time, as a number of regulators and legislators have observed, the act was a complex effort that produced thousands of pages of rules.
James P. Gorman
We could repeal Dodd-Frank. I think that would be a big help.
Phil Gingrey
The few effective provisions of Dodd-Frank are masked by its many flaws – flaws that have been and will continue to be detrimental to the American economy and our financial future if not reversed.
Sam Graves
After Dodd-Frank, the big banks were bigger. The small banks are fewer.
Jeb Hensarling
If you ever had the misfortune of reading all 2,000 pages of Dodd-Frank, which I have done – and it almost killed me – basically, all it does is create a list of all the things it wants the Fed to fix.
Steve Eisman
I have been working hard trying to implement Dodd-Frank reforms. We went through a terrible crisis in 2008. Many people lost their homes.
Maxine Waters
The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion.
Paul Singer
Governments need to be authorized to provide ‘open bank assistance.’ The convolutions of Dodd-Frank aimed at ‘avoiding’ this tactic are ludicrous and will prove to be extremely costly to the system.
Paul Singer
It is crucial that the House exercises its oversight functions to ensure constitutional accountability of government agencies, especially as the bureaucracies associated with ObamaCare and Dodd-Frank flex their muscles and seek to expand their authority.
Ron DeSantis
I would drastically revise much of the Dodd-Frank financial-reform legislation, which I call the ‘Bureaucrat Full Employment Act.’
Wendy Long
Certainly, some of the anti-bank rhetoric has shifted a little bit, but on either side of the aisle, there seems to be different tacts. On one side of the aisle, you see a proposed scaling back of Dodd-Frank. On the other, a proposed reinstatement of Glass-Steagall.
Kayla Tausche
The number one problem with Dodd-Frank is it’s way too complicated, and it cuts back lending, so we want to strip back parts of Dodd-Frank that prevent banks from lending, and that will be the number one priority on the regulatory side.
Steve Mnuchin
Dodd-Frank is an important statute, but often when the government believes it’s handling a particularly important issue, there can be a tendency to overreach.
Eugene Scalia
I mean, Dodd-Frank is strangling small community banks. It doesn’t make any difference what the interest rate is. They’re not – they’re not going to loan the money because they can’t make any money for one thing plus the cost of compliance.
Rick Perry
The major reform legislation, Dodd-Frank, was named after two guys bought and sold by special interests, and one of them should be shouldering a good amount of blame for the crisis.
Michael Burry
In the 1990s, the Democratic Party began to cozy up to their long-time enemies: Wall Street Bankers. They took their money and relaxed their regulations until the Great Recession forced the Democrats via Dodd-Frank to re-regulate the banks.
Bob Beckel
Dodd-Frank greatly expanded the regulatory reach of the Federal Reserve. It did not, however, examine whether it was correctly structured to account for these new and expansive powers. Therefore, the Committee will be examining the appropriateness of the Fed’s current structure in a post Dodd-Frank world.
Richard Shelby
Small lending institutions lack the capability of their larger counterparts to hire the additional manpower necessary to deal with the hundreds of additional regulations created by Dodd-Frank.
Sam Graves
I have and will continue to oppose any legislation that would undermine the important consumer protections provided under Dodd-Frank.
Seth Moulton