Romney victory would probably weaken Wall Street reforms
So if Romney’s elected my taxes go up and Wall St. regulations go ignored?
Who the heck is really going to vote for this guy?
If Republican Mitt Romney wins the presidency next week, enough Democrats probably would be left in Congress to block his promise to roll back the slew of Wall Street rules enacted in response to the financial crisis.
But when it comes to regulations, a president doesn’t have to change the laws.
He can simply change the people enforcing them.
“If you don’t like the regulations, just cut the head off the beast,” said Paul C. Light, a New York University professor and expert on presidential transitions. “The president still has some leverage points for influencing the pace and direction of the regulatory process.”
Romney would be expected to appoint new leaders at the Treasury Department, the Securities and Exchange Commission and other agencies who would take a less aggressive approach to regulation than those who have served under President Obama.