Romney Tax Plan Needs Growth to Add Up: Reality Check

President Barack Obama and Republican nominee Mitt Romney made competing assertions in their debate last night in Denver. How did they square with the facts?

The Claim: Mitt Romney said the Dodd-Frank Act of 2010 designated five U.S. banks as too big to fail and gave them “a blank check,” contributing to the collapse of smaller banks. “We need to get rid of that provision because it’s killing regional and small banks,” he said, asserting it has contributed to the closing of 122 community banks.