Comments of the Week: Oct. 22 - 26

On whether Washington is trying to eliminate community banks: On whether Washington is trying to eliminate community banks: "One could certainly find the evidence to be persuasive."

Related Article: Why Washington Wants Community Banks Out of the Way

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On whether Washington is trying to eliminate community banking: On whether Washington is trying to eliminate community banking: "Federal regulators believe the community bank business model is 'broken' and are actively seeking ways to mend it … They would appreciate constructive comments, but not conspiracy theories."

Related Article: Why Washington Wants Community Banks Out of the Way

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On whether Washington is trying to eliminate community banking: On whether Washington is trying to eliminate community banking: "We welcome our megabank overlords. After all, we paid for them."

Related Article: Why Washington Wants Community Banks Out of the Way

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On Jamie Dimon leading big-bank efforts to get Congress to compromise on the fiscal cliff: On Jamie Dimon leading big-bank efforts to get Congress to compromise on the fiscal cliff: "Dimon can't manage his own business: money-laundering, cheating on RMBSs, illegal foreclosures, MF Global, Peregrine, etc."

Related Article: Dimon Drums Up Support for Fiscal Cliff Compromise

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On giving Citigroup credit for its recent board transformation: On giving Citigroup credit for its recent board transformation: "The only reason they replaced their board is because for the third time in the last 30 years, they again failed."

Related Article: Banks Should Reject More Board Candidates

Pictured: Citi board chairman Michael E. O'Neill

(Image: Bloomberg News)
On Basel III putting community banks out of business: On Basel III putting community banks out of business: "Community Banks! Join the club! Small businesses and entrepreneurs, your principal clients, have also been put out of business by Basel II and III."

Related Article: Community Banks: Basel III Will Put Us Out of Business

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On Walmart and Amex's Bluebird card: On Walmart and Amex's Bluebird card: "What's wrong with a little honest competition in the financial services industry?"

Related Article: Walmart Prepaid Card Heats Up Debate Over FDIC Backing

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On Walmart and Amex's Bluebird card: On Walmart and Amex's Bluebird card: "What is wrong with disclosing what you are selling? FDIC-or-Not-FDIC insured seems like a pretty simple and meaningful disclosure."

Related Article: Walmart Prepaid Card Heats Up Debate Over FDIC Backing

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On Walmart and Amex's Bluebird card: On Walmart and Amex's Bluebird card: "Salute to Amex, and may the forces of goodness, free-competition, and fairness attend your every move."

Related Article: When Is Bank Regulation Really Bank Protectionism?

Pictured: Dan Shulman, Group President of Enterprise Growth at American Express
On when bank regulation becomes bank protectionism: On when bank regulation becomes bank protectionism: "If regulation takes away choices from the consumer, how is that good for the consumer?. … Do we really think the government makes more intelligent choices for people than people can make for themselves?"

Related Article: When Is Bank Regulation Really Bank Protectionism?

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On the potential for a responsible return to subprime lending: On the potential for a responsible return to subprime lending: "Even with money plentiful, subprime lending was an idea that politicians would take too far. Those who dream of homeownership should start seriously saving for it."

Related Article: Harbingers of Crisis Now Calling for Subprime Revival

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On the potential for a responsible return to subprime lending: On the potential for a responsible return to subprime lending: "The subprime crisis was caused by an originate-to-distribute model that encouraged fraud, not by lending to low-income borrowers per se."

Related Article: Harbingers of Crisis Now Calling for Subprime Revival

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On the potential for a responsible return to subprime lending: On the potential for a responsible return to subprime lending: "The former subprime borrowers are still out there, today the definition of a subprime borrower is the person who can't get a loan."

Related Article: Harbingers of Crisis Now Calling for Subprime Revival

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On speeding up the short sale process: On speeding up the short sale process: "Realtors recommending that borrowers stop making payments is never a good idea."

Related Article: No Wonder Short Sales Are So Rare

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On customers embracing EMV technology: On customers embracing EMV technology: "To paraphrase Steve Jobs: 'They'll get used to it.'"

Related Article: Speakers at ATM, Debit Conference Question EMV Adoption

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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.

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