Newt Gingrich, accusing Republican
presidential primary opponent Mitt Romney of being a
“fundamentally dishonest” tool of Wall Street, pledged to stop
big banking firms such as Goldman Sachs Group Inc. (GS) from
“rigging the game.”
Pressing his underdog campaign into the last full day
before Florida’s primary election tomorrow, Gingrich spoke of
running a White House that would “challenge the system head-
on” and disrupt the “Wall Street elite.”
“To the degree they survive by rigging the game,”
Gingrich said in an interview with Bloomberg News, “they have a
lot more to fear. To the degree that they’re willing to be in a
very investment-oriented, high-tempo, entrepreneurial world,
they have more to gain.”
Gingrich said his plans, like eliminating the capital gains
tax and repealing the Wall Street regulations of the Dodd-Frank
Act, would benefit the banking industry. Gingrich also said he’d
consider new legislative changes, including replacement of the
Glass-Steagall Act, a 1933 law that increased bank regulations
and was repealed in 1999. He said he would stop deals like the
$13 billion payment Goldman Sachs received for American
International Group, Inc. (AIG) investment guarantees after the
bailed-out insurer received billions from the U.S. government.
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