“I’m pleased to offer a full repeal of the job-killing Dodd-Frank financial regulatory bill. Dodd-Frank grossly expanded the federal government beyond its jurisdictional boundaries. It gave Washington bureaucrats the power to interpret and enforce the legislation with little oversight.”

“Dodd-Frank also failed to address the taxpayer-funded liabilities of Fannie Mae and Freddie Mac. Real financial regulatory reform must deal with these lenders who were a leading cause of our economic recession. True reform must also end the bailout mindset that was perpetuated by the last Congress. I am proud to work towards repeal of Dodd-Frank because Congress must protect the taxpayers, instead of handing out favors to Wall Street.”

“concerned over powers granted to officials such as the Stability Oversight Council, which contains 10 agents from the Treasury and the Federal Reserve. Bachmann said the council’s ability to ‘target and takeover bank and non-bank financial institutions that it deems dangerous or at risk’ is a ‘frightening abuse of power’,” and “It is plain hubris to think that this government, with its $14 trillion dollar debt, annual deficits, and wasteful-spending, is worthy of this plenipotentiary oversight.”

“They yearn to return to the thrilling days of yesteryear, so the loan arrangers can ride again – untrammeled by any rules restraining irresponsibility, excess, deception, and most of all, infinite leverage.”