Newt calls out Goldman Sachs, says Glass-Steagall is back on the table.
Last edited Mon Jan 30, 2012, 08:25 PM - Edit history (13)
Goldman Sachs has a special place in Newt's heart. He doesn't think they have been helpful to his campaign. Today Newt is showing Goldman his appreciation. He is 'considering' reviving Glass Steagall.
Gingrich yesterday renewed his criticism of what he described as a barrage of negative ads run against him, accusing Wall Street and Goldman Sachs of financing the attacks. - Bloomberg.
Gingrich Labels Romney ‘Wall Street Elite’
Jan. 30 (Bloomberg) -- Newt Gingrich, accusing Republican presidential primary opponent Mitt Romney of being a “fundamentally dishonest” tool of Wall Street, pledged to stop big banking firms such as Goldman Sachs Group Inc. from “rigging the game.” ..
“To the degree they survive by rigging the game,” Gingrich said in an interview with Bloomberg News, “they have a lot more to fear. To the degree that they’re willing to be in a very investment-oriented, high-tempo, entrepreneurial world, they have more to gain.”
Gingrich said his plans, like eliminating the capital gains tax and repealing the Wall Street regulations of the Dodd-Frank Act, would benefit the banking industry.
Gingrich also said he’d consider new legislative changes, including replacement of the Glass-Steagall Act, a 1933 law that increased bank regulations and was repealed in 1999. He said he would stop deals like the $13 billion payment Goldman Sachs received for American International Group, Inc. investment guarantees after the bailed-out insurer received billions from the U.S. government.
http://www.businessweek.com/news/2012-01-30/gingrich-labels-romney-wall-street-elite-before-florida-vote.html
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