I don’t trust, or support, any proposed legislation that make it even easier for financial institutions to enrich themselves at the expense of the people who must use their already overpriced services. So-called “small banks” handle large amounts of money. Remember the debacle of the deregulation of small “Savings and Loans” institutions in the 1980s and 1990s? After deregulation, the lack of oversight meant that depositors lost billions of dollars. Perpetrators like Neil Bush (son of GHW Bush, brother of GW Bush), Charles Keating, and other robber barons of the banking industry essentially walked away from the ruin they had caused. Keating served 4 1/2 years in prison even though 5 sitting US senators (including John McCain) tried to intervene on his behalf. Later his conviction was miraculously overturned and he was able to plead guilty to lesser charges. The US government ended up “bailing out” these institutions’ losses using billions of taxpayer dollars. The government bailout of mortgages in this mess basically led financial institutions to expect the same treatment for future mortgage crises. Remember 2007-2008, anyone? How many people lost homes or suffered in other ways because the same deregulatory zeal from Republicans had removed the oversight that had been legislated after the savings and loan crisis? Deregulation of financial institutions will always allow bankers to find new, unworkable and unsustainable ways to fleece the public. It happens first when new fees are introduced for everything and nothing that an account holder does with their account; later, complicated and opaque investment schemes are launched with few meaningful and decidedly diminishing returns for investors and mortgage holders; finally the institutions must turn to the federal government for taxpayer money to bail them out. Oh, and the financial class gets no meaningful punishment. In fact, they historically shuffle through executives who leave for another job at another financial institution or (shudder) the government, all the while keeping their ridiculous contractual “bonuses” even though these are the types whose speculative greed has crashed the national economy more than once. Will we never learn?