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The banking sector as it currently stands cannot be regulated. Not because of regulatory capture... it is more accurately called a merger between the regulators and the regulated.
The knowledge necessary to effectively regulate the modern-day banking industry is fairly esoteric and rare; anyone with that knowledge can make a fortune by jumping ship -- and it seems like many use their time in the regulatory apparatus as a resume enhancer.
It is in the best interests of the individual regulators to let Wall Street run free -- the better to cash in when you leave DC and join it.
Who's the employer of the joker who gave one star to this post?
Create size limitations
Just look forward to having 3 banks and a FASCIST government.....
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