Carly Fiorina vice presidential campaign, 2016/Banking policy
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 Carly Fiorina |
Former presidential candidate (2016) Former candidate for U.S. Senate (2010) |
 Republican candidate: |
2028 • 2024 • 2020 • 2016 |
This page was current as of the 2016 election.
- At the fourth Republican primary debate on November 10, 2015, Carly Fiorina discussed her desire to repeal the Dodd-Frank financial industry reform law. She said, "What do we have with Dodd-Frank? The classic of crony capitalism. The big have gotten bigger, 1,590 community banks have gone out of business, and on top of all that, we've created something called the Consumer Financial Protection Bureau, a vast bureaucracy with no congressional oversight that's digging through hundreds of millions of your credit records to detect fraud. This is how socialism starts, ladies and gentlemen. We must take our government back."[2]
- On October 28, 2015, Fiorina said she would allow large banks to fail. She added, "The truth is these banks are too big and too powerful now, and progressive policies have made them bigger and more powerful. Meanwhile, the smaller banks like community banks that are so critical to getting a small business started...have gone out of business. In other words, the big have gotten bigger and the small have gotten crushed."[3]
- Fiorina expressed no surprise at the August 2015 market selloffs on “Black Monday” in the United States, China and Europe. “I actually have been expecting a correction for some time now because the underlying fundamentals of the U.S. economy are not that strong. Two percent growth is pretty lackluster. Of course now we have the Fed Reserve backing off zero interest rates and China’s economy is slowing. There’s no doubt that China has some real issues in front of it and the devaluation of the Yuan as well as the huge selloff in their markets spell trouble ahead, so I think it’s justified,” she said.[4]
- In April 2015, Fiorina said Wall Street reform should begin with an evaluation of "the 26 regulatory agencies that were supposed to be overseeing the financial system, that were supposed to be predicting the financial crisis" and the repeal of Dodd-Frank.[5]
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See also
Footnotes
- ↑ NPR, "Carly Fiorina Ends Bid For Republican Presidential Nomination," February 10, 2016
- ↑ The Washington Post, "Who said what and what it meant: The 4th GOP debate, annotated," November 10, 2015
- ↑ Fox News, "Fiorina: Progressive Policies Have Crushed the Poor and Powerless," October 28, 2015
- ↑ Fox Business, "Carly Fiorina: I’ve Been Expecting a Correction," August 24, 2015
- ↑ The Hill, "Fiorina: Abolish Wall Street reform law," April 9, 2015
