During my career at BB&T we frequently encountered government regulators who believed they knew best how we should operate and to whom we should be making loans. Most often, we had no choice but to reduce our lending activity because of their so-called recommendations.
So, I worry about the future as the federal government continues to force changes on the banking industry. I’m especially fearful now that the Biden administration is openly pursuing its social goals through financial regulation and has nominated Saule Omarova to lead the Comptroller’s office.
To be clear, I am not a Republican, and my concern has nothing to do with politics or personalities. What worries me is a major shift away from a free society.
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