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Small banks join overhaul debate

Community bankers point out that they didn't cause the current crisis. They say they shouldn't be forced to shoulder new rules because larger firms that embraced complex financial derivatives and abusive lending practices wrecked the system.

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While the country’s biggest banks have taken much of the blame for the economic crisis, the fate of the Obama administration’s efforts to overhaul regulation of the financial industry could rest in the hands of thousands of small local banks, which have remained out of the national spotlight, according to a July 28 Washington Post article.

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