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How Banks Hurt the Real Economy: FDIC’s Hoenig to Senate

3-8-2017 < Blacklisted News 55 67 words
 

When tighter regulations were imposed on the banks after the Financial Crisis, the largest among them, the very ones that threatened to bring down the financial system, began squealing. Those voices are now being heard by Congress, which is considering deregulating the banks again. In particular, they claim that current capital requirements force banks to curtail their lending to businesses and consumers, and thus hurt the economy.

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