'Can a Bank Fail Twice?': Comments of the Week
April 3, 2014 4:21 PM
American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.
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On Federal Reserve Board Governor Jeremy Stein's resignation
"Perhaps those who want to abolish the Fed have found a new approach: attrition."
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Image: Bloomberg News
On giving more attention to a "Too Big to Fail" bill sponsored by Sen. Michael Capuano
"If anyone still thinks mortgages serve any interest other than those of the lenders, they are pretty delusional. Requiring banks to limit their risk in the fashion proposed in H.R. 2266 could serve as the first baby step toward social responsibility and ethical business conduct."
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Image: Bloomberg News
On giving more attention to a "Too Big to Fail" bill sponsored by Sen. Michael Capuano
"This proposal is unworkably complicated. It makes far more sense to increase slowly the leverage ratios allowed banks as they become bigger. That makes each incremental decision more important."
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On lavish spending by CertusBank executives
"Where is the OCC?"
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Image: Bloomberg News
On lavish spending by CertusBank executives
"Can a bank fail twice?"
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On branches serving as products rather than merely places to sell them
"So many banks focus solely on branch design and displays, and not nearly enough on the people."
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On branches serving as products rather than merely places to sell them
"Don't blame the branch or personnel for low sales figures, they only have so much to work with... Nobody buys anything unless it has value."
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On small banks' reluctance to offer credit cards
"If you've pulled the credit bureau for a mortgage, why not offer a credit card, and a preapproved car loan. Consumers don't want or need relationships with many if one... relationship works perfectly."
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On House Democrats' resistance to holding a hearing on the Consumer Financial Protection Bureaus employment practices
"Hard to conceive of a more disgraceful situation than to witness two elected officials show more concern for protecting a federal agency from criticism than protecting a federal employee from discrimination."
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Image: Bloomberg News
On a proposal for post offices to get into banking
"If money center banks escape the retail branch model, why not let USPS perform that function for U.S. citizenry?"
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On the idea of the U.S. Postal Service offering short-term loans
"Even charging high loan rates, the business is not as profitable as people believe. Imagine the Post Office stepping in! This is better than a Three Stooges movie."
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