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Bush, Walker, Rubio, Cruz, and Santorum on 5-year anniversary of Wall Street reform: Put the banks back in charge

Seven years ago, America was on the brink of the greatest economic downturn since the Great Depression. The effects of the Bush recession – which cost nearly 9 million Americans their job – still ripple through the economy today.

Five years ago, President Obama and Democrats in Congress responded to that crisis by passing the most sweeping Wall Street reform measure in a generation. The law has been a success.

Predictably, Republican presidential candidates celebrated that five-year anniversary by calling for the law’s repeal, a move that would allow Wall Street to once again write the rules and rig the system in its favor.

Jeb Bush: “We should repeal.”

Scott Walker: “It’s time to repeal #DoddFrank”

Marco Rubio: “We need to repeal Dodd-Frank”

Ted Cruz: “The only way to stop [the Consumer Financial Protection Bureau] is by eliminating it altogether”

Rick Santorum: “Dodd Frank is a disaster”

“Republican presidential candidates are banking on Americans forgetting the horrors of the Bush recession. But America hasn’t forgotten – that’s why, by a three-to-one margin, Americans support efforts to rein in Wall Street. Americans don’t want to risk another economic collapse by rolling back these protections, but the Republican presidential candidates do.” – DNC Spokesperson Eric Walker

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