Comments of the Week: Dec. 3 - 7

On Republicans plotting to shake up the House Financial Services Committee: On Republicans plotting to shake up the House Financial Services Committee: "Old fashioned, bare knuckle politics triumphs over what is best for the industry and the country. Are differences of opinion and healthy discussion no longer acceptable? Must everyone goose-step?"

Related Article: House GOP Plots Shake-Up of Banking Panel

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On the announcement that Maxine Waters will be the top Democrat on the House Banking Panel: On the announcement that Maxine Waters will be the top Democrat on the House Banking Panel: "Ignorance is bliss."

Related Article: Waters Will Be Top Democrat on House Banking Panel

(Image: Bloomberg News)
On Chicago Mayor Rahm Emanuel's decision to report financial activity to the CFPB: On Chicago Mayor Rahm Emanuel's decision to report financial activity to the CFPB: "Guys like Emanuel are only interested in the optics of press conferences in which they announce they're for the 'little guy.' The fact that they will … undoubtedly intimidate law-abiding financial services providers, who will then offer fewer (and more expensive) options for the 'little guys' is beside the point, isn't it?"

Related Article: Chicago to Report Lending Activity to CFPB

(Image: Bloomberg News)
On a portrait of the Financial Services Roundtable's Tim Pawlenty as a patient, bipartisan leader: On a portrait of the Financial Services Roundtable's Tim Pawlenty as a patient, bipartisan leader: "Just out of curiosity, do you have any idea of the way Pawlenty is perceived in the reality-based community?"

Related Article: Roundtable's Pawlenty: A Blunt Boss Set for Long Haul

(Image: Bloomberg News)
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On credit unions opposing a TAG extension: On credit unions opposing a TAG extension: "Tit for tat. Bankers routinely and out-of-hand oppose any credit union-backed measures, but express outrageous indignation when the credit union industry does the same."

Related Article: Credit Unions Escalate Battle with TAG Opposition

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On credit unions opposing a TAG extension: On credit unions opposing a TAG extension: "Typical CU move. Throw what is best for communities and customers under the bus to get what you really want."

Related Article: Credit Unions Escalate Battle with TAG Opposition

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On Bank of the West's Stewart Larsen's decision to get out in front of mortgage servicing standards: On Bank of the West's Stewart Larsen's decision to get out in front of mortgage servicing standards: "Larsen is as usual, right on the money. He would make a great President of the MBA!"

Related Article: Bank of the West Gets Out in Front on Servicing Standards
On Fannie and Freddie halting foreclosures over the holidays: On Fannie and Freddie halting foreclosures over the holidays: "Then everybody comes home to a baggie with a lump of coal tacked to the door."

Related Article: Fannie, Freddie to Halt Foreclosures for Holidays

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On whether housing reform is likely to happen next year: On whether housing reform is likely to happen next year: "If the subprime debacle, systemic financial crisis and Great Recession didn't provide enough political impetus for reform, nothing will."

Related Article: Will Housing Finance Reform Actually Happen Next Year?

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On the FDIC reporting bank quarterly income is at its highest in six years: On the FDIC reporting bank quarterly income is at its highest in six years: "While the numbers are looking much better … earnings are still relatively fragile. A rash of new and more restrictive regulations imposed on the industry could negatively impact those numbers."

Related Article: Bank Quarterly Income Highest in Six Years, FDIC Says

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On Vernon Hill's contributions to the banking industry: On Vernon Hill's contributions to the banking industry: "I have always admired Vernon Hill for his out of the box thinking about how banking should be run. He was a magnificent success here at Commerce Bank and I know he will reach his goals at Metro Bank."

Related Article: Vernon Hill: Falling in Love Again

(Image: Bloomberg News)
On the possibility of Vernon Hill returning to the U.S. banking scene: On the possibility of Vernon Hill returning to the U.S. banking scene: "Fascinating notion … Did you mean that as a reference to 'scene of the crime'?"

Related Article: Vernon Hill: Falling in Love Again

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On banks seeking CFOs with broad qualifications: On banks seeking CFOs with broad qualifications: "How many real community banks … can afford a CFO even with a healthy capital structure and a 1% ROA? Getting a CFO is just one more cost of keeping the regulators at bay."

Related Article: Wanted: CFOs Who Are More Than CPAs

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On U.S. Bank launching Mitek's mobile photo bill payment  feature: On U.S. Bank launching Mitek's mobile photo bill payment feature: "One bank out of over 7,000 trying to make it easier for consumers to perform financial transactions. Guess the process has to start somewhere."

Related Article: U.S. Bank to Launch Mitek's Mobile Photo Bill Payment

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On the idea of issuing ratings, similar to those given to vehicles, for bank risk management programs: On the idea of issuing ratings, similar to those given to vehicles, for bank risk management programs: "Government regulation in the form of speed limits and vehicle equipment requirements has not been the reason for improved safety in cars, nor will more regulation improve the soundness of the banking system."

Related Article: Avoiding a Banking System that Is Unsafe at Any Speed

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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.

Comments (3)
Create Unions do not pay taxes, they do not fund Washington and should be ignored. They have 40% operating overhead ratio headroom so they should stop whining they need more of the market to survive...
Posted by skyhook | Friday, December 07 2012 at 2:20PM ET
Do any of these people have federal licenses to practice please answer the question.

One would think before they start writing and implementing rules and regulations that one be required to posses such licensing am I correct or do they simply and arbitrarily delegate to their constituency to do the foot work inquiring minds would like to know what say you...

NewsJet Magazine

Posted by FXS92663 | Friday, December 07 2012 at 3:24PM ET
Skyhook is absolutely right! This is Pay to Play America. So, pony up or get lost.
Posted by mdillon | Saturday, December 08 2012 at 2:14PM ET
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