One reason the Obama administration has not tried to propose a one-size-fits-all capital requirement as part of the proposed legislation is the worry that the issue would become too politicized -- that banks would manage to successfully lobby lawmakers for a ratio that is too low, thereby giving investors a false sense of security.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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