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The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

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On how finance-sector workers could broaden their perspectives:

"Maybe when people go into financial services, they should have to live with a homeless family for a while or stand in the unemployment line for a few weeks."

— Sheila Bair, former chairman of the Federal Deposit Insurance Corp.

Related Article: Big Institutional Investors Need Finance 101 Refresher: Sheila Bair

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On whether fear of personal liability makes bank directors leery of serving on boards:

"Unfortunately, the ones who ask the most questions about liability are sometimes the best directors."

— David Baris, a partner at BuckleySandler and executive director of the American Association of Bank Directors

Related Article: Liability Concerns Impede Director Recruitment at Banks

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On M&T Bank's (MTB) disappointing first-quarter results:

"No one would call these the best of times for the banking industry."

— Robert Wilmers, M&T chief executive

Related Article: M&T's Wilmers Defends Hudson City Deal at Investor Meeting

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On the need for change in the housing finance market:

"Do we as a nation accept the status quo, do nothing and allow a system that wiped out the majority of wealth in communities of color to endure?"

— Shaun Donovan, Secretary of Housing and Urban Development

Related Article: HUD's Donovan Works to Rally Liberals Behind GSE Bill

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On the Heartbleed security flaw, which could leave banks vulnerable to hackers:

"This is the equivalent of an Internet oil spill. We don't know the breadth or depth yet."

— JD Sherry, vice president of technology and solutions at Internet security software company Trend Micro

Related Article: Heartbleed Bug Lurks beyond Websites

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On whether the payday lenders Capital One Financial (COF) recently ceased doing business with will be able to find other banks:

"Some of them are going to land. Some of them are not going to land."

— Edward D'Alessio, executive director of Financial Service Centers of America

Related Article: Fifth Third, Capital One Cut Off Payday Lenders

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On plans to shrink Bank of America's (BAC) mortgage business:

"The days of a 20% market share are far behind us."

— Brian Moynihan, CEO of Bank of America

Related Article: Why B of A's Higher Legal Reserves Could Be a Good Thing

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On Ginnie Mae's decision to halt Bank of America's sale of mortgage servicing rights because the bank is missing documents on the underlying home loans:

"All we're asking for them to do is to live up to the agreement."

— Ted Tozer, president of Ginnie Mae

Related Article: Ginnie Mae Nixes Bank of America Mortgage Servicing Transfer

(Image: Bloomberg News)

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On Wintrust Financial's (WTFC) purchase of 12 branches in Wisconsin:

"We don't mind the smaller deals. We pick up the liquidity and put it to use."

— Ed Wehmer, CEO of Wintrust

Related Article: Wintrust Keeping Mind Open to Acquisition Activity

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