Chris Christie presidential campaign, 2016/Banking policy
From Ballotpedia
Ballotpedia's scope changes periodically, and this article type is no longer actively created or maintained. It may also contain neutrality issues.
 Chris Christie |
Governor of New Jersey (2010-2018) U.S. Attorney for New Jersey (2002-2008) |
 Republican candidate: |
2028 • 2024 • 2020 • 2016 |
This page was current as of the 2016 election.
- At the November 10, 2015, Republican undercard debate, Chris Christie said the Federal Reserve has kept interest rates "artificially low ... to politically support Barack Obama and his agenda." He added that the Federal Reserve "should be audited" and should "stop playing politics with our money supply."[1]
- Christie criticized excessive regulation of the banking industry in prepared remarks for a speech on economic policy in May 2015. He said, "America is losing its lead in the global IPO market, and the number of stock listings here is dropping sharply, in part due to the unintended consequences of regulation — everything from Eliot Spitzer's research settlement, which helped destroy the equity research and trading business; to Sarbanes-Oxley, which made it more expensive for young companies to come public; to Dodd-Frank, with new requirements but no fix for young companies seeing the window to the capital markets close on them." In addition to "increasing the too big to fail problem by concentrating the power of the big banks," Christie argued the Dodd-Frank Act has "curtailed lending to small business by the smaller banks who are economically vital."[2]
- When asked if he would have acted to prevent bailed out bankers from awarding themselves large bonuses in June 2011, Christie said he would not regulate executive compensation at financial institutions. "I probably wouldn't have done anything different to stop them to do that except to use the power of the bully pulpit if you're president to call attention to it and to try to shame them into doing something different. I don't believe in that kind of heavy-handed regulation where we're saying, you know, we're going to tell you how much you can pay people." He added, "I do think that what really caused the problem was not so much the high-pay, was just the incredibly risky securities that they were creating and selling and spreading kind of like a cancer through the system that really caused the incredible downturn that we had in 2008 and 2009."[3]
Recent news
The link below is to the most recent stories in a Google news search for the terms Chris Christie on Wall Street and banking policy. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
See also
Footnotes
