Rick Perry: Washington’s Policies Are Causing Small Banks To Go Out of Business

Wallace Governor you made ░░░░░░░░ major speech this past ░░░░░░░░ about reforming Wall Street ░░░░░░░░ called for more regulations ░░░░░░░░ big financial institutions you ░░░░░░░░ the Federal Reserve for ░░░░░░░░ big banks to hold ░░░░░░░░ capital and some folks ░░░░░░░░ that you sounded in ░░░░░░░░ of all this for ░░░░░░░░ regulations that you sounded ░░░░░░░░ Bernie Sanders Perry Well ░░░░░░░░ talked about smart regulations ░░░░░░░░ s a difference between ░░░░░░░░ regulation is what Dodd ░░░░░░░░ did and Dodd Frank ░░░░░░░░ community banks out of ░░░░░░░░ I mean we have ░░░░░░░░ huge numbers of community ░░░░░░░░ I used to be ░░░░░░░░ a small bank board ░░░░░░░░ in Haskell County in ░░░░░░░░ and I know what ░░░░░░░░ regulations are doing I ░░░░░░░░ it makes sense for ░░░░░░░░ to have these big ░░░░░░░░ You realize that the ░░░░░░░░ largest banks in the ░░░░░░░░ have 61 percent of ░░░░░░░░ mortgages now It s ░░░░░░░░ stunning number We re ░░░░░░░░ Freddie and Fannie Mae ░░░░░░░░ in the business of ░░░░░░░░ small down payments to ░░░░░░░░ able to get a ░░░░░░░░ I mean it is ░░░░░░░░ stunning direction we re ░░░░░░░░ in this country again ░░░░░░░░ it s because of ░░░░░░░░ and Washington s policies ░░░░░░░░ are causing this And ░░░░░░░░ me address this Federal ░░░░░░░░ The Federal Reserve didn ░░░░░░░░ miss my spleen either ░░░░░░░░ that remark I said ░░░░░░░░ they had done some ░░░░░░░░ that were absolutely hurtful ░░░░░░░░ it came to our ░░░░░░░░ So the Federal Reserve ░░░░░░░░ D C and Wall ░░░░░░░░ for that matter I ░░░░░░░░ out a clear way ░░░░░░░░ us to get this ░░░░░░░░ back on track Those ░░░░░░░░ need to have more ░░░░░░░░ so that there can ░░░░░░░░ be one of these ░░░░░░░░ big to fail issues ░░░░░░░░ Wallace Governor Perry The ░░░░░░░░ people that lost their ░░░░░░░░ they re the ones ░░░░░░░░ somebody needs to be ░░░░░░░░ up for and I ░░░░░░░░ going to do that ░░░░░░░░ em.”