Biden: Republicans will 'put y’all back in chains'

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Mitt Romney, the presumptive GOP presidential nominee, opposes the Dodd-Frank financial law that placed new regulations on banks in reaction to the 2008 financial crisis, and has said that he would repeal the law if elected.

“He’s gonna let the big banks once again write their own rules.” Biden said at a campaign stop at the Institute for Advanced Learning and Research in Virginia.

Last year during the primary campaign, Romney told a business roundtable in Boston, “I’d like to repeal Dodd Frank, recognizing that some revisions make sense,” and called the law “extraordinarily burdensome,” according to the Boston Globe

In a statement emailed to reporters following Biden’s remarks Romney press secretary Andrea Saul described Biden’s comments as “a new low” and called on President Obama to say if he agrees with the Vice President’s statements.

“After weeks of slanderous and baseless accusations leveled against Governor Romney, the Obama Campaign has reached a new low.  The comments made by the Vice President of the United States are not acceptable in our political discourse and demonstrate yet again that the Obama Campaign will say and do anything to win this election.  President Obama should tell the American people whether he agrees with Joe Biden’s comments," she said.