"We are arguing we should create an FDIC-like entity to explicitly price this form of guarantee."

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 obtain the benefits of OBA without the political firestorm."

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 significant red flag. … You do have to ask if that company is going to be a going concern."

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 resources to live in this environment. The days of being able to successfully run a bank under $1 billion in assets are gone."

Jay Sidhu, explaining why his New Century Bank was able to acquire the $150 million-asset Berkshire Bank. FRIDAY
"All the excuses have been used up. This is blatant."

Sean O'Toole, CEO of, analyzing why banks have filed fewer notices of default so far this year in California, the nation's biggest real estate market, than they did in 2009 or 2008, according to data gathered by his company.

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