Mitt Romney's Dodd-Frank Kill Pledge Collides With Wall Street Agenda

Romney Kill Pledge Collides With Other Agenda
Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at the American Legion's national convention in Indianapolis, Wednesday, Aug. 29, 2012. (AP Photo/Michael Conroy)
Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at the American Legion's national convention in Indianapolis, Wednesday, Aug. 29, 2012. (AP Photo/Michael Conroy)

Mitt Romney has pledged to repeal the Dodd-Frank Act. He won’t, and that’s just fine with Wall Street.

Instead, Romney may give the financial industry something it wants more: a revamped Dodd-Frank that would accommodate some of the most profitable and riskiest activities while preserving a patina of protection for investors and consumers.

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