MONDAY
"We are arguing we should
— Wayne Passmore, a Fed economist, proposing a deposit insurance-like system be created for secondary markets in a wide range of asset classes, including mortgages, credit cards and auto loans. TUESDAY
"It got federal help and the new management team was able to stay in place. That is tantamount to open-bank assistance. … They were able to
— Kip Weissman, a partner with Luse Gorman, saying that even though the resolution of community development bank ShoreBank wasn't an open-bank deal, it had elements of one. WEDNESDAY
"It's a
— Stephen Moss, an analyst at Janney Montgomery Scott, on the significance of a company taking a writedown of deferred tax assets: swollen quarterly losses, reduced capital ratios, and increased doubts about profit potential. THURSDAY
"It is very, very difficult for small community banks to survive in this kind of environment. … Financial reform is great, but you have to have the
— Jay Sidhu, explaining why his New Century Bank was able to acquire the $150 million-asset Berkshire Bank. FRIDAY
"All the
