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The Boston Globe

Nation

Mitt Romney mum on how to regulate big banks

WASHINGTON - Republican Mitt Romney is pledging, if he is elected president, to repeal the Dodd-Frank financial regulations, a position favored by donors on Wall Street who have sent millions the candidate’s way. But he is nearly silent on how - without the regulation - he would prevent Wall Street from once again engaging in the risky practices that helped cause the 2008 financial crisis.

The gap in Romney’s platform - made more notable as, at every turn, he criticizes President Obama’s handling of the post-meltdown economy - has puzzled some economic specialists.

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