Back Porch

Ellen Seidman
"The primary market won't originate certain kinds of loans that businesses and/or regulators think are riskyto do."

Former director of the Office of Thrift Supervision, explaining the need for a stronger secondary market to support CRA-qualified loans

Christina Romer
"We have the tools that would bring unemploymentdown without worsening our long-run fiscal outlook if we can only find the will and wisdom to use them."

Former White House economic adviser, urging Congress to pass another stimulus bill

Rachel Weeks
"Nobody wants to bank with us until everyone wants to bank with us."

Founder of School House, an eco-friendly t-shirt company, speaking about the challenges young entrepreneurs face in trying to obtain capital

Peyton Patterson
"I would assign a low probability into going into politics."

NewAlliance Bank CEO, refuting speculation that she might run for office after the bank's sale to First Niagara Bank is completed next year

Deborah Matz
"Much as we might like to cushion the blow to smaller credit unions, the law simply gives us no flexibility to do that.'"

NCUA chairman, explaining why the cost for propping up the Share Insurance Fund must be shared equally among all credit unions

Pin Pin Chau
"I didn't want my brain to get rusty."

Newly appointed CEO of TouchmarkNational Bank in Alpharetta, Ga., on why, as a 69-year-old grandmother of two, she decided to forgo retirement and take the helm of a community bank again

Barbara Desoer
"There is no long-term need for the GSEs to hold mortgages or mortgage-backed securities. Their mandate, we believe."

Former OTS director, explaining the need for a stronger secondary market to support CRA-qualified loans

Sheila Bair
"I think that we will also find that some of the more likely replacements — credit spreads, internal models, supervisor-determined risk buckets — are far from perfect. Further, we are going to need to balance the benefits of alternative approaches with the burdens associated with implementation."

FDIC chairman, expressing concern about a mandate from Congress that regulators stop using credit ratings in assessing the health of a bank

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