The bankers retort that they must pay a higher return on any additional equity that they issue, so that more equity would increase their cost of capital, forcing them to raise interest rates on the loans they make, which would reduce economic activity.
Os banqueiros retaliam que devem pagar um maior retorno sobre qualquer capital adicional que emitam; dessa forma, uma maior alavancagem iria aumentar os seus custos de capital, forçando-os a subirem as taxas de juro nos empréstimos que fazem, o que reduziria a actividade económica.