If keeping current bank capital/equity requirements, how can you dream of MAGA?

Sir, Elon Musk and Vivek Ramaswamy write: “Most legal edicts [that] aren’t laws enacted by Congress but ‘rules and regulations’ promulgated by unelected bureaucrats”, “The DOGE Plan to Reform Government” WSJ, November 20

Among these “edicts” the most important, and in that respect the least discussed, is the risk weighted bank capital/equity requirements, that with lower decreed weights for government debt and residential mortgages than for loans to small businesses and entrepreneurs, distorts the allocation of bank credit. De facto it implies:

That bureaucrats know better what to do with credit, for which repayment they're not personally responsible for, than small businesses.

That residential mortgages are more important for the economy than small businesses and entrepreneurs.

That refinancing the “safer” present has priority over financing the riskier future.

Questions: 

Was this how America became great? 

With this what chances do the authors, and the elected president, give to the possibilities of a MAGA? 

Does this “edict” conform with the wishes of America’s Founding Fathers?