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by JackFr
3903 days ago
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I am not against unreasonable regulation, rather I'm in favor of broad principled regulation that takes the form laws passed by Congress and interpreted by courts. The Securities and Exchange Act of 1933 is a good example as was Glass-Steagall. A law like Dodd-Frank on the other hand is an example of rent seeking by banks while Congress gets bought off while they act under the guise of 'reining in the banks.' |
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