Detailed text transcripts for TV channel - MSNBC - 20121004:05:53:00
Making loans. you have to have regulations so that you can have an economy work. every free economy has a good regulation. at the same time, regulation can become excessive. >> is it successful now? >> in some places, yes. it could become out of date. what's happening with some of the legislation passed during the president's tern. you've seen regulation become excessive and it's hurt the economy. dot frank was passed and it includes provisions that have it delths banks too big to fail. this is the biggest kiss that's been given to new york banks i've ever seen. this is an enormous boon for t ...
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