Amidst what could be described as a stifling heat, former Texas Gov. Rick Perry announced his second bid for president last week at an airport hangar in the Dallas suburb of Addison.
If Perry is able to avoid some of the snafus that undid his previous bid for the White House, the nation’s biggest banks could be facing a whole new set of rules and regulations that could change the financial system and have a significant impact on housing.
Perry spoke with CBS’ “Face the Nation” on Sunday and said that the era of Wall Street receiving bailouts would end under his watch.
From the Face the Nation report:
"There is nothing too big to fail from my perspective when it comes to banks, or when it comes to big corporate entities. And I think Americans are fed up. I am," Perry said on CBS' "Face the Nation" on Sunday. "We're fed up by seeing Wall Street get treated specially. And you can't even get a loan from your community bank because of Dodd-Frank banking regulations. All that has to change.”
Perry said that banks should be forced to live with the “bad decisions” they make.
Perry’s comments make him at least the third prospective candidate for 2016 to take on the big banks in the early stages of this election cycle.
Former Arkansas Gov. Mike Huckabee mentioned housing and student loan debt in the speech that launched his campaign and presumed candidate Jeb Bush told a group in New Hampshire that the nation’s housing and debt system is unsustainable.
Click the link below to hear more of what Perry has to say about Wall Street and beyond.