"Subprime borrowers need credit just like everybody else. If their transmission blows and they need $1,500 to have their car repaired so they can get to work, they need to go somewhere for the money. … I don't blame Wells Fargo at all … But taking away credit options from people who already have limited credit options is not a strategy for making life better for people."

Todd Zywicki, a professor at George Mason University, discussing Wells Fargo's closing of its storefront subprime lending unit. 

"It is a yo-yo out there. … For some banks it is probably acceptable to release reserves, but at this stage, there is also a question of sustainability."

Christopher Marinac, an analyst at FIG Partners LLC, worrying that banks are not accounting for the possibility of downturns in the economy and in credit quality. 

"They kind of took on more than they could chew comfortably."

Bert Ely, a bank consultant, about how the Virginia blank-check company Community Bankers Trust Corp. has struggled based on credit deterioration from two failed banks it absorbed. 

"This is a shotgun approach. … [At other banks], I think you'll see a much more rifled strategy."

Brian Riley, a research director at TowerGroup, comparing Bonneville Bancorp's reaction to fraud in its signature debit program — canceling it in three states — to what would probably occur elsewhere. 

"The big question about this deal is whether or not NewAlliance had run its race. … It is surprising; I thought they had a few more miles to run. It must have been quite a spirited board conversation in making this decision."

John Carusone, president of Bank Analysis Center, musing about cash-rich NewAlliance Bancshares' decision to be acquired by First Niagara.

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