CARSON: Well, certain types of regulations. Glass-Steagall was a reasonable regulation after what happened on Wall Street in 1929, because the banks were playing with people's cash. And then in the '90s, we took the teeth out of that and we started thinking maybe men were angels. But what we have done instead is we've just ballooned the number of regulations. And every single regulation costs in terms of goods and services. And who is hit most? Poor people and the middle class.
Q: So would you re-impose Glass-Steagall?
CARSON: With some modifications. We certainly need to make sure that we don't have out-of-control credit default swaps and all kinds of funny money going on. We need to make sure that we protect the people. And that's what the regulations are for.
LESSIG: On Dodd-Frank, look, every Democrat is talking now about how we have to go back and have a new law to take on Wall Street. But you can't take on Wall Street until you change the way campaigns are funded, because the biggest funder of campaigns in Congress is Wall Street.
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| 2020 Presidential contenders on Corporations: | |||
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Democrats running for President:
Sen.Michael Bennet (D-CO) V.P.Joe Biden (D-DE) Mayor Mike Bloomberg (I-NYC) Gov.Steve Bullock (D-MT) Mayor Pete Buttigieg (D-IN) Sen.Cory Booker (D-NJ) Secy.Julian Castro (D-TX) Gov.Lincoln Chafee (L-RI) Rep.John Delaney (D-MD) Rep.Tulsi Gabbard (D-HI) Sen.Amy Klobuchar (D-MN) Gov.Deval Patrick (D-MA) Sen.Bernie Sanders (I-VT) CEO Tom Steyer (D-CA) Sen.Elizabeth Warren (D-MA) Marianne Williamson (D-CA) CEO Andrew Yang (D-NY) 2020 Third Party Candidates: Rep.Justin Amash (L-MI) CEO Don Blankenship (C-WV) Gov.Lincoln Chafee (L-RI) Howie Hawkins (G-NY) Gov.Jesse Ventura (I-MN) |
Republicans running for President:
V.P.Mike Pence(R-IN) Pres.Donald Trump(R-NY) Rep.Joe Walsh (R-IL) Gov.Bill Weld(R-MA & L-NY) 2020 Withdrawn Democratic Candidates: Sen.Stacey Abrams (D-GA) Mayor Bill de Blasio (D-NYC) Sen.Kirsten Gillibrand (D-NY) Sen.Mike Gravel (D-AK) Sen.Kamala Harris (D-CA) Gov.John Hickenlooper (D-CO) Gov.Jay Inslee (D-WA) Mayor Wayne Messam (D-FL) Rep.Seth Moulton (D-MA) Rep.Beto O`Rourke (D-TX) Rep.Tim Ryan (D-CA) Adm.Joe Sestak (D-PA) Rep.Eric Swalwell (D-CA) | ||
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