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Better Markets Sends Letter to the Senate Banking Committee Urging them Not to Weaken Bank Capital Requirements

Leverage ratio requirements are critical to ensuring that banks remain strong and stable and are able to keep supporting the American economy. The arguments being made by certain members of the industry stating that these important financial safeguards must be weakened to allow banks to continue lending not only fly in the face of empirical evidence, they are also made ridiculous by the banks' insistence that they have sufficient capital to continue to pay dividends to their investors and bonuses to their executives.