Well, now the question is, if the banker is a businessman and he's taking risks and he wants to make a loan and when he makes a loan he gets some interest, and as long as the loan's good, then he makes money that way as a banker; now, if he wants to do that, why do we have a bureaucrat looking over his shoulder all the time, particularly as long as he's got a sufficient amount of liquidity to cover potential losses? Why is it that the regulators are deciding to regulate every aspect of our free enterprise?
W. Todd Akin: “Well, now the question is, if the banker is a businessman and he's taking risks and he wants to make a loan and when he…”
Editor's note · Context
The speaker is questioning the role of regulators in the banking industry.
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