= Subscriber content; or subscribe now to access all American Banker content.

Back Porch

Harvey Golub
"After all, I did earn it."

Former chairman of the bailed-out insurance giant AIG, in a rebuttal of Warren Buffet's call for the rich to pay higher taxes.

Rick Perry
"If this guy prints more money between now and the election, I don't know what y'all would do to him in Iowa, but we would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treacherous, or treasonous, in my opinion."

Texas governor and Republican presidential hopeful, in controversial remarks about Federal Reserve Chairman Ben Bernanke at a campaign stop in Iowa.

Thomas Depping
"It's a lot easier to become a bank than to get rid of your bank charter."

Chairman of Main Street Bank in Kingwood, Texas, which is voluntarily closing its doors rather than contend with what Depping describes as a tightening regulatory noose.

Larry DiRita
"Mr. Blodget is making 'exaggerated and unwarranted claims,' which is what the SEC stated publicly when he was permanently banned from the securities industry."

Bank of America spokesman, bringing up the checkered equity research past of news analyst Henry Blodget to counter his speculation that BofA might have to write off up to $200 billion.

Brian Moynihan
"Obviously there aren’t many days when I wake up and think positively about the Countrywide acquisition in 2008."

CEO at Bank of America, after its stock price plummeted because of mortgage trouble.

Meredith Whitney
"You just look at the top four [banks] and across the board their loan books are declining, and their originations are declining and their securities balances are increasing, and that looks very Japanese to me."

CEO of Meredith Whitney Advisory Group, on the state of the U.S. banking system.

Charles Geisst
"I would say financial crises have replaced the old recession cycle."

Professor of finance, Manhattan College, arguing that bank failures and investor tumult are the new norm following a market boom.

Edward Leamer
"All of these metaphors annoy me. We're still on the runway, we haven't taken off, so how can you have a stall?"

Director of the UCLA Anderson Forecast, on the debate about whether the U.S. economy has a 'stall speed,' in which low growth can trigger a recession.







Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.