[mseebach]

If anything is mythological, it's this:

> Regulations exist to protect the whole from the greed of a few.

That's clearly one reason, and certainly the most commonly cited reason, but it's equally clearly not the only one, and it's certainly not the only outcome, whether intended or not.

The best buffer against "the greed of a few" is to allow real competition. Lightening regulations on smaller banks is quite likely to encourage competition.

[kingraoul3]

This ignores the natural tendency toward oligopoly in mature markets.

[mseebach]

Ironically, the opposition to the rollback ignores how in this case the regulation unintendedly encouraged and cemented said oligopoly.