"I think you'll have paper forever now."
— Paul Bossidy
, chief executive of Clayton Holdings LLC, on the risk that the foreclosure scandal will derail the shift to paperless mortgages.
"We won some nice battles in the third quarter. … We are not declaring victory yet, but we do think that things are starting to turn."
— Donald Foley
, head of Wilmington Trust, on the troubled construction loans to home builders that drove its losses — and its planned sale to M&T Bank.
"It has been a Rubik's Cube ever since it was enacted in 1989. … It really makes things complicated."
— Richard Carnell
, a Fordham University law professor, on changes made in the FDIC board's structure after the savings and loan crisis.
"We are going to immediately take a look, page by page, at the job-killing provisions in the Dodd-Frank Act."
— Rep. Spencer Bachus
, the presumptive Republican chairman of the House Financial Services Committee, outlining his plans to go through the statute with a fine-tooth comb to remove any measure he believes could hurt the economy.
"I'm quite willing and capable of taking on Barney Frank."
— Rep. Ed Royce, the California Republican running an underdog campaign against Alabama Rep. Spencer Bachus for chairman of the House Financial Services Committee, saying he is comfortable taking on the sharp-witted outgoing chairman. He suggested that Bachus was too ready to compromise on core issues.