06/12/2011 10:37 am ET Updated Aug 12, 2011

Too Big To Fail, Or Too Trifling For Oversight?

It is not very often that business people head to Washington to explain how unimportant they are.

But over the last several months, executives from more than two dozen financial companies and their trade groups have paraded into the Treasury Department, the Federal Reserve and other government agencies to try to persuade top regulators that they are not large or risky enough to threaten the financial system if they should ever collapse.

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