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Over Regulation Is a Crazy Idea: Pro

4:30 AM ET Wed, 18 July 2012

"Over regulation, over comforting that is given to all sorts of people, banks are not allowed to do this, banks are not allowed to do that, this over regulating is a crazy idea, you need a working banking system that is how capitalism and the western world works," Anthony Gibbs, senior Gilts broker at Vantage Capital Markets, told CNBC.