Scott Tipton actually said...
I think many of us recall some of the comments after the passage of the Dodd-Frank Act, the bigger banks, one CEO had noted, it becomes a moat around those big banks, making it harder for the smaller banks to be able to compete simply because you can't keep up with the regulatory costs that are coming through.
Context
Tipton discusses how Dodd-Frank regulations disadvantage smaller banks compared to larger ones.
10/21/2019