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Executive Forum 1Q '09

American Banker | April 1, 2009

Respondents to the most recent Financial Services Executive Forum Survey conducted by Greenwich Associates and American Banker offered evidence that trust in the industry has taken a significant blow. The survey also showed opinions were anything but unified about the government's efforts to shore up capital in the banking system.

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Verbatim Survey Responses

A sampling of verbatim responses from Executive Forum panelists to three open-ended questions.

EXECUTIVE FORUM 1Q '09

Trust, Standards and Growth Forecasts

The banking industry has come under criticism from policymakers, businesses and consumer groups, partly on the view that lenders enabled the credit bubble that ...

About the Executive Forum Survey

The Financial Services Executive Forum Survey is a joint undertaking of American Banker and Greenwich Associates LLC, a consulting and research firm.

EXECUTIVE FORUM 1Q '09

View on Federal Aid Anything But Unified

Bankers are divided over the efficacy of the Treasury's efforts to stabilize the financial system and pessimistic on the agency's ability to jump-start the economy.

Survey

The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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