"It's a little like the Middle East — the feud goes back so far it's hard to determine who threw the first stone. … Both sides need to grow up a little bit and stop the personal attacks — there are plenty of difficult technical issues which need to be resolved."
— Kip Weissman, a partner at Luse Gorman, assessing the Office of the Comptroller of the Currency's so-far difficult merger with the Office of Thrift Supervision. The regulatory reform bill ordained the integration of the agencies.
"It's like all their programs. … They're just subject to change and revision, and some day they'll turn around and attack or revile their participants, and I don't think any of us want to go through that anymore."
— Thomas O'Brien, head of State Bank of Long Island, expressing industry skepticism toward the Obama administration's $30 billion small-business lending fund, in the context of bitter memories of the Troubled Asset Relief Program.
" I don't think Congress should respond at all."
— Bob Corker, Republican senator from Tennessee, saying it would be a mistake for Capitol Hill to interfere in the foreclosure documentation crisis.
"If they really want to examine nonbank lenders, then they are going to have to get into more doors than has been the case. … It's a very different mind-set … they either have to take bank examiners and introduce them to these new companies and leverage off their understanding of consumer laws, or they have to go the other way and get people who understand what these businesses are and get them to conduct a banklike examination."
— L. Richard Fischer, a partner at Morrison & Foerster, considering whether the Consumer Financial Protection Bureau will opt to hire examiners more familiar with banks versus nondepository institutions.