Wall Street Fights New Loan Risk Regs

Bankers are objecting to a new regulation that would require them to keep a percentage of loans on their own books. But don't expect anyone to buy their argument.

Bankers object to a new regulation requiring them to keep a percentage of their loans on their books: "If we have to keep these loans for our own account, we'd never make them in the first place." Kind of amazing at this late date that they imagine this argument will convince anybody.

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