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If that's the case, why do banks consistently push to loosen regulations? Can you point to an instance of banks lobbying for increased oversight and restriction
by jakelazaroff 7y ago
If that's the case, why do banks consistently push to loosen regulations? Can you point to an instance of banks lobbying for increased oversight and restrictions?
Making a bank should be hard. I don't want some unknown startup to come in to "move fast and break things", because "things" in this case means "people's savings".
- camjohnson26 7y agoWell there’s the CEO of Bank of America saying “Dodd-Frank is fine, None of us are trying to touch it”. The big banks could push a lot harder against regulation than they do. https://www.economicclub.org/sites/default/files/MoynihanExcerpts.pdf https://www.economicclub.org/sites/default/files/MoynihanExc...