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Ben Carson presidential campaign, 2016/Banking policy

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Ben Carson announced his presidential run on May 3, 2015.[1]


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Presidential candidate
Ben Carson
Profession:
Retired Pediatric Neurosurgeon
Carson on the issues:
Taxes • Banking policy • Government regulations • Budgets • Agricultural subsidies • Federal assistance programs • Foreign affairs • Federalism • Natural resources • Healthcare • Immigration • Education • Abortion • Gay rights
Republican Party Republican candidate:
Donald Trump
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This page was current as of the 2016 election.

  • When asked at the fourth Republican primary debate in November 2015 if he supported breaking up large banks to avoid a financial crash, Ben Carson responded, "I would have policies that wouldn't allow that to occur. I don't want to go in and tear anybody down. I mean, that doesn't help us. But what does help us is stop tinkering around the edges and fix the actual problems that exist that are creating the problem in the first place."[2]
  • In an op-ed for The Washington Times in July 2015, Carson called the Consumer Financial Protection Bureau "the ultimate example of regulatory overreach, a nanny state mechanism asserting its control over everyday Americans that they did not want, did not ask for and do not need." He argued that "the cost of compliance with one-size-fits-all regulations from CFPB and other regulators is now the number one threat to community banks" and pledged to "rein in" the agency if elected president.[3]
  • Carson said in January 2015 that the financial crisis in 2008 could be partially attributed to deregulation in the 1990s. He said in an interview published by Forbes, "For some reason, in the 1990s, our government decided that investment bankers and others like them were more saintly and could now be trusted. Therefore, they largely minimized the effect of Glass-Steagall type regulations. It took about 20 years for the greed to have a devastating impact on our society, but it certainly should not have been unexpected. We do need appropriate regulation but not knee-jerk overreaction as we have seen in recent years."[4]
  • In October 2014, Carson said he was "pretty disgusted" with the behavior of corporate executives preceding the financial crisis in 2008. "The greed – I was shocked that this was unpursued by the attorney general. I don't have any problem with people having lots of money, but I think it needs to be made legitimately and not off the backs of good people. ... People would just sit around pushing papers around while the masses are struggling to put food on the table involved in the same organization, I just think that that's wrong," Carson said.[5]
  • In his 2014 book, One Nation: What We Can All Do to Save America's Future, Carson praised the Glass-Steagall Act. He wrote, "The stock market crash of 1929 exacted a severe toll on the people of our nation and our legislators realized, in hindsight, that some of our banking and investment policies had contributed to the crash. Several laws were crafted, including the Glass-Steagall Act, which separated commercial and investment banking activities. Sixty to seventy years later we forgot about many of the horrors of those difficult financial times as well as the reasons why we imposed appropriate regulation on speculative financial activity involving private resources."[6]

Recent news

The link below is to the most recent stories in a Google news search for the terms Ben Carson on Wall Street and banking policy. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.

Ben Carson presidential campaign, 2016/Banking policy - Google News

See also

Footnotes

  1. ↑ USA Today, "Report: Ben Carson to run for president," May 3, 2015
  2. ↑ The Washington Post, "Who said what and what it meant: The 4th GOP debate, annotated," November 10, 2015
  3. ↑ The Washington Times, "The perfect example of government overreach: the CFPB," July 28, 2015
  4. ↑ Forbes, "Potential Presidential Candidate, Dr. Ben Carson On Social Security, Glass-Steagall, And Taxes," January 29, 2015
  5. ↑ Bloomberg, "Ben Carson on Greed, Insurance Companies, RINOs, and Ebola," October 15, 2014
  6. ↑ Mother Jones, "With Liberal Views Like These, Ben Carson's Going to Have a Tough Time Winning the GOP Nomination," January 28, 2015
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