Republicans are becoming the anti-cronyism party

Nearly all the candidates joined the free-market populist club when discussing Wall Street, and that’s fitting: Wall Street and the big banks thrive on implicit bailouts and explicit government backstops. A free-marketeer ought to watch financial giants with the same sort of skepticism he has for cabinet agencies.

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Rubio said of the big banks: “The government made them big by adding thousands and thousands of pages of regulations. So the big banks, they have an army of lawyers, they have an army of compliance officers. They can deal with all these things.”

Cruz piled on: “The truth is, the rich do great with big government. They get in bed with big government. The big banks get bigger and bigger and bigger under Dodd-Frank and community banks are going out of business.”

Fiorina, as usual put it most concisely: “The classic of crony capitalism. The big have gotten bigger, 1,590 community banks have gone out of business.”

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