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Romney is mum on how to regulate big banks

By Matt Viser and Tracy Jan
Globe Staff / May 2, 2012
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Republican Mitt Romney is pledging to repeal the Dodd-Frank financial regulations, a promise that is helping him reap millions from Wall Street contributors. But the presidential candidate is silent on how, without Dodd-Frank’s new rules, he would prevent the nation’s investment houses and bankers from once again engaging in the sorts of risky, poorly regulated practices that caused the 2008 financial crisis. It is a notable gap in the platform of a candidate who is running on his business acumen and who, at every turn, sharply criticizes President Obama’s handling of the post-meltdown economy.

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