Comments of the Week
Published June 29, 2012 1:35 PM
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Updated June 29, 2012 2:01 PM
1 Min Read
On five things House lawmakers should avoid at Dimon hearing
I was stunned at the highlights/lowlights of the Senate's questions and commentary...too much sucking up and asking for advice. How we regulate banks is above my pay grade, but it has to be a momumental challenge for government to understand complex banking and staff accordingly. (Image: Bloomberg News)
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On five things House lawmakers should avoid at Dimon hearing
We need some way to stop the gambling from continuing. Even the Football books have better controls than JPM does apparently. (Image: Thinkstock)
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On Shiela Bair's statement that
Today our economy arguably faces even greater potential problems than it did in the run-up to the subprime crisis. Coming from Bair, who was right about EVERYTHING before the 2008 crisis, this statement is very worrisome. (Image: Bloomberg News)
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On the future role of bank branches
The value of the new branch model lies in consumers' ability to have a conversation about finances without being directed to two, three, or even four individuals, but instead talking to one. (Image: Thinkstock)
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On persistent stress among Southeastern banks
The FDIC appears to be doing the very thing they criticize banks for doing … managing the FDIC fund (Banks criticized for managing their ALLL) by not marking those problem bank's assets to market which would lead to closure. As long as they have liquidity, it appears they will be allowed to linger. (Image: Bloomberg News)
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On the thaw in banker-examiner relations
Examinations are, by definition, a look at the condition of a bank, but too often the examiners come with an assignment to find violations whether they actually exist and whether the banker disagrees. (Image: Thinkstock)
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On the thaw in banker-examiner relations
Is it just a coincidence that the agencies started focusing on outreach and softening their approach at about the same time they learned that the state associations were implementing an anonymous feedback system to bring the exam process into the light of day? (Image: Thinkstock)
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On banks expanding Spanish-language web sites
Banks are promoting the wrong behavior by immigrants by incorporating foreign language. Why not Italian? or Swedish. There are a lot of Chinese around, how about that? (Image: Fotolia)
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On banks' living wills facing their first critical test
To think it's taken this long to finally figure out how to solve TBTF. I am so relieved now that we taxpayers will never have to bail out these big banks because now they have living wills... Really? (Image: Thinkstock)
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On banks looking to Congress, courts for protection from ATM fee suits
In a nation of laws, how is it that lawsuits against those that break the law are considered nuisances? Is Congress so beholden to the banking industry that it can't bear to tell it to obey the law or face the consequences? (Image: Bloomberg News)
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On banks looking to Congress, courts for protection from ATM fee suits
The fact that the outsized lobbying power of the baking industry has persuaded Congress to defend its lawless behaviors demonstrates how the financial system has been stacked against the American public. (Image: Bloomberg News)
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On banks looking to Congress, courts for protection from ATM fee suits
Any contention that the failure to display [ATM fees on signs] is an oversight on the part of some banks seems suspicious. The sign that WAS displayed on the ATM I've used for years was removed in the past year. Why? (Image: Thinkstock)
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On banks needing better risk management, not more regulation
The largest banks in the country need rigorous government supervision by unbiased regulators who are not Too Timid To Act, so that regulatory responsibility does not fall to Congress populated by the Best Politicians Money Can Buy. (Image: Bloomberg News)
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On banks needing better risk management, not more regulation
I continue to watch my blood pressure rise as every time an INVESTMENT BANK … As a community banker I take these broad, sweeping comments about banks with offense. (Image: Thinkstock)
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On banks needing better risk management, not more regulation
The sloppy bank practices tend to involve a series of errors that always benefit the bank. If the trader wins — he gets a bonus — he loses and he's disowned. Nobody complained when the whale cleaned up on the American bankruptcy — despite the implication of inside knowledge. (Image: Bloomberg News)
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On Basel capital requirements adding another reason to avoid construction lending
On one hand we talk about how desperate we (the American populous) are to get the real estate market back on track, and then we penalize financial institutions with any construction loans. I've never seen a more schizophrenic regulatory environment in my entire 27 years in banking. (Image: Bloomberg News)
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On JPMorgan Chase's loosses as a lesson for regulators
Politicians in Orange County totally supported Bob Citrons speculation — it helped them keep taxes low — until he lost money. If only all speculators could match Hillary Clinton's 1970's record of trading without taking occcasional losses. (Image: Bloomberg News)
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On whether community banking has a bright future
We are fast approaching a day and age when there is simply no need for a physical location for a bank branch. ûûThink about how Amazon.com is killing retailers right and left. (Image: Bloomberg News)
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On the CFPB publishing credit card complaints over industry objections
The OCC has been absolutely unresponsive, but why would they respond? Aren't they funded by the banks? (Image: Bloomberg News)
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On JPMorgan Chase cutting overdraft fees in class action settlement
If customer would be educated on how to monitor their accounts and transfer the funds themselves at no cost, they could eliminate the fee all together. Simple and honest disclosures would help with that. (Image: Thinkstock)
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On the dearth of startup banks
I believe you will see new charters begin to surface next year in the smaller, more rural communities, where the local bank failed and the access to credit has been severely limited. The investors will not be looking for large capital gains. (Image: Thinkstock)
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