Mitt Romney Falsely Claims He Would Not Deregulate Wall Street

Vice President Joe Biden said yesterday during a speech that a Romney administration would “let the big banks once again write their own rules, unchain Wall Street.” “He is going to put y’all back in chains,” Biden added.

Romney, on many occasions, has called for the repeal of the 2010 Dodd-Frank financial reform law, the first significant reform of the nation’s financial system since the Great Depression.

During an interview on CBS Wednesday, Romney was asked for his reaction to the comment. Romney responded by claiming that Biden’s charge is “factually inaccurate” because “nobody is talking about deregulating Wall Street.”

ROMNEY: Of course, we have to have regulation on Wall Street and on every street to make sure that our economy works well, so it’s factually inaccurate to begin with. The comments of the Vice President, as I heard them, were one more example of a divisive effort to keep from talking about the real issues. Look, no one is talking about deregulating Wall Street.

(Source: CBS News)

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