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posted: 9/20/2012 5:00 AM

Regulation has kept banks in check

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I read and hear about how the Republicans/Tea Party advocates want to do away with government regulation. Has the public forgotten that under less government regulation during the Reagan/Bush years the savings and loans went belly up and cost the taxpayers $500 billion? That without proper regulation during the Bush II years the banks had to be bailed out by the taxpayers for over a trillion dollars? Frankly, we need regulators to watch these guys like a hawk, and there is no one in the Mitt Romney camp ready to do that.

George Blinick

Prospect Heights

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