Bloomberg reports that instead, Romney may give the financial industry something it wants more: a revamped Dodd-Frank that would accommodate some of the most profitable and riskiest activities while preserving a patina of protection for investors and consumers.
'There’s this perception that banks hate everything in Dodd-Frank, and that’s just not true', said Mark Calabria, a former top Republican aide on the Senate Banking Committee. 'From a bank’s perspective, you’d rather have piecemeal reform of Dodd-Frank, not only because there are things in the law you want to keep, but also because you’re going to have more control over the process'.
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image: © Antonio Morales GarcÃa