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New regulations aimed at Wall Street will pinch regular people in the Big Apple more than rein in the big banks, according to Mayor Bloomberg.

In a radio interview, Hizzoner said passage of FinReg is bad news for consumers in the metro area because banks will likely pass on the added costs of the new regulations to customers.

“Actually, it’s funny,” said the mayor. “For most businesses in the country it will hurt. For the financial services it probably won’t because they’ll just pass on the costs.”

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