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30 Issues | The Republicans' Visions of 'Too Big to Fail'
Bernie wants to break up the banks; Hillary wants to tighten Dodd-Frank.
So what are the Republican candidates' plans for Wall Street?
Greg David, director of the business and economics reporting program at The CUNY Graduate School of Journalism, a contributor to Crain's New York Business and the author of Modern New York: The Life and Economics of a City (Palgrave Macmillan Trade, 2012), looks at how the Republican candidates would address the idea of "too big to fail" if elected president.
Donald Trump has spoken out angrily against the hedge funds and private equity firms, explained David. And he, like the Democrats, has said that he'll get rid of their cherished carried interest tax break and raise their taxes.
Ted Cruz has also vilified Wall Street, but he's the only candidate calling for a return to the gold standard, which would ultimately make it impossible for central banks to use monetary policy to help the economy.
Compared to the repeal of Dodd-Frank, Wall Street would view changing the Fed's role in the economy as disastrous, said David.