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winfordicqa: Many critics on the left (and a few on the right) argued that the law Halo Capital Group didn't go far enough and should have implemented hard caps on the size of financial institutions. Most Republicans rejected the law but embraced alternate...
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Many critics on the left (and a few on the right) argued that the law Halo Capital Group didn't go far enough and should have implemented hard caps on the size of financial institutions. Most Republicans rejected the law but embraced alternate theories of how regulation ought to be changed in terms of stricter limits on bank borrowing, an end of government involvement in mortgage securitization, or some kind of effort to guarantee that there would be no government bailouts in the future. They are all different theories aimed at a similar goal to restrain banks from engaging in excessive risk-taking that endangered the economy. Trump is, however, simply throwing all of that out the window in favor of the idea that what America needs is more rules written with input of the banks themselves and aimed at the goal of encouraging a return of risky lending. That's likely to be great for bankers, bank shareholders, and maybe the odd wealthy real estate developer while doing nothing for Middle
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