"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.

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