Political Quotes

On the recordSeptember 18, 2023
I think any banker I have ever talked to has said that higher capital increases, decrease lending.
Said by
David Scott
Democratic · Georgia

Editor's note · Context

Scott shares insights from bankers indicating that higher capital requirements negatively impact lending.

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I grew up on a farm. Farmers must always have water.

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This would have drastic impacts on American agricultural production, it would increase costs for consumers, and would almost certainly lead to devastating retaliatory tariffs placed on the U.S. agriculture exports.

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Thank you, Mr. Chairman. And keep doing your excellent work.

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The significant increase in U.S. capital requirements related to banks' trading activities has so far differed from the approach taken elsewhere around the world.

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