Political Quotes

On the recordOctober 11, 2011
We have heard that some regulations may impose significant costs that aren't being accounted for by the CFTC.
Said by
Frank Lucas
Republican · Oklahoma

Editor's note · Context

Lucas expresses concerns about the costs of Dodd-Frank regulations.

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This is something that has been in the works really for a decade, and the U.S. prudential regulators have put out a proposal that really gold-plates compared to what the Europeans are doing.

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Some regulations have costs and consequences that outweigh their potential benefits.

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If you take that capacity out of the market, you are going to have a knock-on effect into not just investment returns, but the ability of corporate communities and others to raise credit and capital.

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