Fortune: Fact check: Obama isn't killing small banks
October 4th, 2012
05:56 PM ET
2 years ago

Fortune: Fact check: Obama isn't killing small banks

(FORTUNE) - In Wednesday's presidential debate, Mitt Romney said President Obama was both the banking industry's make out partner and grim reaper. It just depends who you are.

In a response to a question about regulation, Romney said Dodd-Frank, the set of banking reforms that Obama pushed for and Congress passed in the wake of financial crisis, was an example of a law that's hurting the economy. Romney said that by specifying certain banks as Too Big to Fail, the government has given "the biggest kiss to New York banks I've ever seen." As a result, Romney said that's making it tough for smaller banks to compete.

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Filed under: 2012 • Mitt Romney • President Obama