Quote – William C. Potter, chairman of the board of Guaranty Trust Co of NY, testimony to Senate Banking Committee

Establishment of minimum margins for banks is unfair and unnecessarily restrictive in principle.

“Flays Stock Bill As Deflationary: Potter of Guaranty Trust Says It Imperils Press Freedom We Should Preserve," The Wall Street Journal.

Tuesday, March 13, 1934
Culprits: 
Industry groups
Issues: 
Financial Regulation
Laws: 
Security Exchange Act of 1934
Themes: 
Too much bureaucracy