Rep. Maxine Waters: Dodd-Frank Protected Community Banks

The transcript discusses the controversy surrounding President Obama's fiduciary regulation, highlighting the influence of lobbying and the mixed support from Democrats. It includes Ann Wagner's opposition and her view on repealing Dodd-Frank. The impact of Dodd-Frank on banks, especially community banks, is debated, with some Democrats advocating for regulatory relief. The Democratic strategy focuses on protecting the Consumer Financial Protection Bureau to safeguard consumers from unfair practices.

What was a major concern raised by some Democrats regarding President Obama's fiduciary regulation?

• It would increase taxes.

• It would limit access to financial advice.

• It would reduce government spending.

• It would increase unemployment.

What is Congresswoman Ann Wagner's view on the potential repeal of Dodd-Frank?

• She believes it will lead to more financial crises.

• She sees it as an opportunity to increase legislative choice.

• She opposes it due to potential economic growth stifling.

• She supports it as a way to increase financial regulation.

What was one of the main reasons for the implementation of Dodd-Frank?

• To reduce taxes on the wealthy.

• To promote international trade.

• To address the financial crisis of 2008.

• To increase military spending.

How do Democrats plan to oppose certain executive orders regarding financial regulations?

• By promoting international trade agreements.

• By reducing taxes on corporations.

• By protecting the Consumer Financial Protection Bureau.

• By increasing military spending.

What has the Consumer Financial Protection Bureau achieved according to the Democrats?

• It has recaptured billions for consumers.

• It has promoted international trade.

• It has reduced government spending.

• It has increased corporate profits.