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The clipping this text was read from
The clipping this text was read from

from a lot of the red tape.” He noted that the banking industry is heavily regulated and that many new regulations have been passed as a result of bad loans made “mostly in commercial real estate” during the 80s.

He said that small businessmen, “who weren’t involved in those episodes” are being made to suffer because of the new regulations. “The pendulum swings to correct one bad situation and creates another,” he added.

He said that this is not a theoretical problem. Locally the bank has not been able to make loans to small businesses because of paperwork and security requirements.

Even if the businessman is able

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