奥巴马罗姆尼辩论会：2012美国总统大选首场电视辩论视频及文(12)

MR. ROMNEY: Absolutely.

PRESIDENT OBAMA: Yes.

MR. LEHRER: — on Medicare?

MR. ROMNEY: Absolutely.

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MR. ROMNEY: Regulation is essential. You can't have a free market work if you don't have regulation. As a business person, I had to have — I needed to know the regulations. I needed them there. You couldn't have people opening up banks in their — in their garage and making loans. I mean, you have to have regulations so that you can have an economy work. Every free economy has good regulation.

At the same time, regulation can become excessive.

MR. LEHRER: Is it excessive now, do you think?

MR. ROMNEY: In some places, yes, in other places, no.

MR. LEHRER: Like where?

MR. ROMNEY: It can become out of date. And what's happened in — with some of the legislation that's been passed during the president's term, you've seen regulation become excessive and it's hurt the — it's hurt the economy. Let me give you an example. Dodd- Frank was passed, and it includes within it a number of provisions that I think have some unintended consequences that are harmful to the economy. One is it designates a number of banks as too big to fail, and they're effectively guaranteed by the federal government.

This is the biggest kiss that's been given to — to New York banks I've ever seen. This is an enormous boon for them. There's been — 122 community and small banks have closed since Dodd-Frank. So there's one example.

Here's another. In Dodd-Frank, it says that —

MR. LEHRER: You want to repeal Dodd-Frank?

MR. ROMNEY: Well, I would repeal it and replace it. You — we're not going to get rid of all regulation. You have to have regulation. And there's some parts of Dodd-Frank that make all the sense in the world. You need transparency, you need to have leverage limits for institutes —

MR. LEHRER: Well, here's a specific — let's — excuse me —

MR. ROMNEY: Let me mention the other one. Let's talk the —

MR. LEHRER: No, no, let's do — right now, let's not. Let's let him respond.

MR. ROMNEY: OK.

MR. LEHRER: Let's let him respond to this specific on Dodd-Frank and what the governor just said.

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So what did we do? We stepped in and had the toughest reforms on Wall Street since the 1930s. We said you've got — banks, you've got to raise your capital requirements. You can't engage in some of this risky behavior that is putting Main Street at risk. We're going to make sure that you've got to have a living will, so — so we can know how you're going to wind things down if you make a bad bet so we don't have other taxpayer bailouts.

In the meantime, by the way, we also made sure that all the help that we provided those banks was paid back, every single dime, with interest.

Now, Governor Romney has said he wants to repeal Dodd-Frank, and, you know, I appreciate, and it appears we've got some agreement that a marketplace to work has to have some regulation, but in the past, Governor Romney has said he just wants to repeal Dodd-Frank, roll it back. And so the question is does anybody out there think that the big problem we had is that there was too much oversight and regulation of Wall Street? Because if you do, then Governor Romney is your candidate. But that's not what I believe.

MR. ROMNEY: (Inaudible) — sorry, Jim. That — that's just not — that's just not the facts. Look, we have to have regulation of Wall Street.

PRESIDENT OBAMA: Yeah.

MR. ROMNEY: That — that's why I'd have regulation. But I wouldn't designate five banks as too big to fail and give them a blank check. That's one of the unintended consequences of Dodd-Frank. It wasn't thought through properly. We need to get rid of that provision, because it's killing regional and small banks. They're getting hurt.

Let me mention another regulation of Dodd-Frank. You say we were giving mortgages to people who weren't qualified. That's exactly right. It's one of the reasons for the great financial calamity we had. And so Dodd-Frank correctly says we need to —