Last Week in Words

MONDAY
"Nobody wants to see their underwear hanging on the clothesline."

David Tobin, a principal at Mission Capital Advisors, on why banks are happy to keep the market opaque for so-called scratch-and-dent residential real estate loans TUESDAY
"Hopefully this decision will gain the ear of the American banking industry, that they need to respect intellectual property and they need to obey the law. … It was not an innocent trespass, according to the jury. It was a willful trespass, which means they knew what they were doing and they plowed forward anyway."

Nelson Roach, an attorney who represents DataTreasury, which won a courtroom patent-case victory against three major payments companies over check-imaging technology WEDNESDAY
"In the simplest terms, if they do not do this and the bank fails, they get nothing. Do they want to do this? Probably not, but what else can they do?"

Terry McEvoy, an analyst at Oppenheimer & Co., on how banks that made loans to struggling institutions have little choice but to show flexibility and agree to convert the debt into equity THURSDAY
"A cascading effect will result as state banking departments lose their largest fee-providing banks and are forced to make up the difference by raising fees on the smaller banks, thus incentivizing even more charter flipping."

Richard Neiman, the New York State superintendent of banks, on a provision in the Senate's regulatory reform bill that might lead large state banks to convert to national charters
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