Quotation by

Rick Perry

I mean, Dodd-Frank is strangling small community banks. It doesn't make any difference what the interest rate is. They're not - they're not going to loan the money because they can't make any money for one thing plus the cost of compliance.

Rick Perry

Money

Understanding this quote AI Analysis

Rick Perry is saying that small community banks are struggling because the rules set by Dodd-Frank are too expensive and complicated for them to handle. As a result, these banks are unwilling to lend money since they can't earn enough profit after paying the costs required to follow the regulations.

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