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Something, but can't detail how it will be in fact replaced, and the reason he set up the system he did in massachusetts is because there isn't a better way of dealing with the preexisting conditions problem. it just remind me he says he's going to close deductions and loopholes for his tax plan. that's how it's going to be paid for but we don't know the details. he says that he's going to replace dodd frank, wall street reform. but we don't know exactly which ones. he won't tell us. he now says he's going to replace obama care and assure all the good things that are in it are going to be in t...

>> that's right. >> but here are the specifics. >> obviously the american people listen to both sides and concluded that mitt romney was right. because he happens to be right. and governor, respectfully, he said you lower the corporate tax rate to 25% and the petroleum industry exemptions can go away. that was another specific. >> he didn't say that. >> yes, he did say that. >> he said it might go away. he was not specific. >> let me play for you a series of clips because there's a lot of talk about, obviously, how important this election is and whether or not the american people, the voters w...

And that doesn't help the millions of people out there with preexisting conditions. there's a reason why governor romney set up the plan that he did in massachusetts. it wasn't a government takeover of health care, it was the largest expansion of private insurance. but what it does say is that insurers, you've got to take everybody. now, that also means that you've got more customers. but when governor romney says that he'll replace it with something, but can't detail how it will be in fact replaced, and the reason he set up the system he did in massachusetts is because there isn't a better wa...

Economy. dot frank was passed and it includes provisions that have it delths banks too big to fail. this is the biggest kiss that's been given to new york banks i've ever seen. this is an enormous boon for t them. there have been 122 community small banks have closed since dodd frank. >> you want to repeal dodd frank? >> i would repeal and replace it. you have to have regulation. and there's some parts of dodd frank that make all the sense in the world. you need transparency, you need to have leverage limits for institutions -- >> here's a specific -- >> let me mention the other one -- >> no, ...

Regulation. but i wouldn't designate five banks as too big to fail and give them a blank check. that's one of the unintended consequences of dodd frank. we need to get rid of that provision because it's killing regional and small banks. let me mention other regulation in dodd frank. you're saying we're giving mortgages to people who weren't qualified. you're exactly right. so dodd frank correctly says we need to have qualified mortgages. and if you give a mortgage that's not qualified, there are big penalties. except they didn't ever go on to define what a qualified mortgage was. it's been two...