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Changing Financial Protection Rules Is Unnecessary and Will Destabilize the Financial System

The complaints about financial reform that have been burning in deregulation devotees and lobbyists largely fall within one generalized rallying cry: “Banks are simply too burdened by excessive regulation to lend to the American people and fuel economic growth!”  They claim this is due to restrictions preventing them from lending to supposedly creditworthy businesses and individuals or oppressive oversight and reporting obligations devouring their profits they otherwise would use to lend.

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