Quote:
Originally Posted by wiphan
The problem with a lot of the issues and with more government regulation of the banking sector is it will limit lending, limit the banks ability to take on risk, and limit any ability for any type of creative lending.
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Good. Lending should be limited to legal and fair, above-board activities for both parties.
The banks are threatening, "if you regulate us, we'll limit lending, or move away from certain states."
Okay. Buh-bye. Other entities that will work within the stricter regulatory framework that will help prevent another financial crisis like the one you just caused by your unregulated activities will take your place.