If Congress does not back off its demand for paperwork on lending compliance, we may have to go to the Smithsonian to see a bank in the years ahead. Meeting such government demands draining banks of time and money in enormous quantities.

All bankers have seen the findings of an American Bankers Association survey that show compliance eats up 59% of bank profits. And even as impartial an observer as John LaWare of the Fed has asked Congress to avoid mandating "minutely detailed regulation."

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